Eunis Chan, Angela Leong sell luxury Hong Kong properties as rate increases loom
As the shadow of possible interest rate increases darkens Hong Kong’s property market outlook, well-known people including model-actress Eunis Chan Ka-yung and billionaire Angela Leong On-kei have recently decided the time was right to sell luxury properties, according to market sources. Chan sold a two-bedroom Mid-Levels flat for HK$32.25 million (US$4.1 million), making a profit of about 130…
Amid the looming possibility of interest rate hikes, Hong Kong's luxurious property market is seeing a shift in ownership patterns. High-profile individuals, such as model-actress Eunis Chan and billionaire Angela Leong, have decided to sell their expensive properties, according to industry insiders.
Chan, a former model and actress, recently sold a two-bedroom flat in the upscale Mid-Levels district for HK$32.25 million (approximately US$4.1 million). The property, located on the 2nd floor of Tower 2 at Regent On The Park, was listed at HK$36 million in July 2024. After reducing the selling price by HK$3.75 million (more than 10%), Chan made a profit of about 130 per cent, realizing a gain of HK$18.25 million.
Leong, a Chinese billionaire and former business partner of the late casino magnate Stanley Ho, sold a luxury house in Sai Kung for HK$70 million. The detached four-bedroom residence, located at Royal Castle on Pik Sha Road, featured a 2,259 square foot saleable area, a garden, a pool, and a rooftop terrace. Leong bought the property in 2012 for HK$68.8 million, netting a modest profit of HK$1.2 million after holding onto it for 14 years.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
