A luxury condo unit in New York belonging to fugitive financier Jho Low has been sold by the US government at a sharply discounted rate.

A report by real estate portal The Real Deal indicated that the two-bedroom unit on Prince Street had been purchased by an unnamed limited liability company for the sum of US$7.6 million (RM33 million), which is considerably less than the US$13.8 million that Low paid for it in 2014.