News analysis The assets of bankrupt HNA Group are being sold off by creditors, including the luxury villa in Hong Kong’s most affluent residential location at Twelve Peak that belonged to Chen Feng, the group’s co-founder and chairman. According to the Hong Kong Land Registry, house 6 developed by Twelve Peaks was taken over on Oct. 15 by Upper Genius Limited, the immediate lender to HNA, who appointed PricewaterhouseCoopers (PwC), a firm specializing in liquidation, as the receiver of the house. The house is located at 12 Mount Kellett Road, Victoria Peak, Hong Kong, and it is so far valued at about HK$510 million ($65.5 million), with an area of 4,241 square feet (394 square meters): 4 bedrooms and 4 suites; 2,542 square feet (236 square meters) of garden and swimming pool; and 830 square feet (77 square meters) of rooftop and massage pool, according to the real agency professional. In …