A foreigner has bought Hong Kong’s so-called “most haunted apartment”, where a family of six people died in 1996, at a 50% discount to the market price.

Chan Ying-kai, an individual property investor, purchased the flat, in Tower 17 of the Tsuen Wan Center, in Tsuen Wan, in Hong Kong’s New Territories for HK$1.18 million (US$151,587) in 2011. That sum amounted to a 35% discount on the market price, according to Apple Daily. He leased it to a Catholic family who were not worried about it being “haunted”, for HK$7,000 a month.

Last year, Chan made a profit of HK$400,000 by selling the apartment for HK$1.55 million to another Catholic family, who have now sold it to a foreigner for HK$2.08 million, 50% lower than the market price. The Hong Kong Economic Times reports that the Catholic family made more than HK$300,000.

The apartment, whose ownership has changed eight times since 1996 is believed to be “haunted” after a business man surnamed Chan tried to kill himself and six members of his family with poison gas. Chan was rescued but the other six all died. He was put in psychiatric care.

Over the years, many netizens and writers have used the incident as a basis for ghost stories. Chinese people usually avoid living in apartments linked to unusual deaths.