-
Advertisement
Hong Kong

Hong Kong tycoon orders fleet of 30 Rolls Royce Phantoms for HK$155 million

Record order as Stephen Hung buys 30 Phantoms for high-rollers at his Macau hotel

Reading Time:2 minutes
Why you can trust SCMP
Stephen Hung and Torsten Mueller-Oetvoes, CEO of Rolls-Royce Motor Cars signed the deal on Tuesday in England. Photo: Louis XIII
Associated Press

A flamboyant Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars - a fleet of 30 Phantoms for an "ultra-luxury" resort he is building in Macau.

Stephen Hung's purchase adds up to about HK$155 million and surpasses the 14 Phantoms bought in 2006 by The Peninsula hotel in Hong Kong.

The former investment banker signed the deal with Rolls-Royce executives on Tuesday at the British-based company's Goodwood factory in West Sussex. The Phantom Extended Wheelbase models will be used to chauffeur guests to and from his Louis XIII hotel, which is scheduled to open in Cotai in early 2016.

DON'T MISS: The ultra-rich list: Number of billionaires in China and Hong Kong increasing

Rolls-Royce said two of the cars would be the most expensive Phantoms ever commissioned, complete with "gold-plated accents" on the outside and interior. In the UK, prices start at about HK$5.6 million but customers have spent double that on bespoke models.

Advertisement

Hung, who is in his mid-fifties, and his wife, Deborah Valdez-Hung, a Mexican former model, have an affection for the British carmaker.

Advertisement

Hung owns a white and gold Phantom with his initials on the licence plate, while his wife has one in "Barbie pink" with her first name emblazoned on the plates - a Valentine's Day gift from her husband.

Advertisement
Select Voice
Select Speed
1.00x