Self-styled fung shui master Tony Chan Chun-chuen plans to move out of his luxury home on The Peak after losing his fight for the late Nina Wang Kung Yu-sum's HK$50 billion estate.
Chan's four-year struggle with the Chinachem Charitable Foundation ended when the Court of Final Appeal dismissed his application on Monday.
But he may now have to pay a big chunk of Chinachem's HK$200 million legal fees on top of his own.
He is also charged with forging the 2006 will in which he claims Wang offered him the estate, and faces having to pay even more court costs.
To economise, the 52-year-old will stop renting a 5,000 sq ft detached house - with a garden and a swimming pool - on Gough Hill Road, where he is a neighbour of Pansy Ho Chiu-king, the daughter of tycoon Stanley Ho, and Richard Li Tzar-kai, the son of Li Ka-shing, the city's richest man.
Chan is now looking for alternatives in Southern district and might move by the end of this year, he said.