Hong Kong Investor Starts Property Fire Sale After Wife Arrested

A Hong Kong businessman whose wife was arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market.

Eric Chu is offloading properties ranging from a hotel to luxury apartments in Hong Kong, sometimes at a significant loss after his Vietnamese wife became embroiled in one of the most high-profile scandals in the Southeast Asian nation.

The couple have commercial real estate valued at about HK$8 billion ($1 billion) in the city after already selling at least HK$1 billion worth of properties in the past few months.

While the sales are more likely the ...