Namesake of former financial secretary Antony Leung’s daughter splashes out US$11.06 million on luxury Mid-Levels flat as tycoons bet on market rebound

A flat at the exclusive Regent on the Park in Mid-Levels was bought for HK$85.8 million (US$11.06 million) by a Leung Sze Yu – the same name as Leung’s 18-year-old daughter

The transaction is the latest in a recent string of luxury Hong Kong homes that have been snapped up by super-wealthy buyers

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Regent on the Park overlooks Hong Kong and has an extensive range of amenities. Photo: Edward Wong

Published: 6:58pm, 28 May 2021Updated: 10:57pm, 28 May 2021

A wealthy buyer sharing the same name as the daughter of former financial secretary Antony Leung Kam-chung’s daughter has snapped up a luxury flat in Hong Kong as house prices approach record highs once again.

A flat at the exclusive Regent on the Park in Mid-Levels was bought for HK$85.8 million (US$11.06 million) in late April by a Leung Sze Yu – the same name as Leung’s 18-year-old daughter – Land Registry records revealed on Friday. Leung declined to comment when his company was contacted by the Post.

“Given the stabilisation of the Covid-19 situation in Hong Kong, along with the rising vaccination rate, potential homebuyers are optimistic about the market outlook, leading to higher transaction volume,” said Martin Wong, director and head of research and consultancy for Greater China at Knight Frank.

The price of the flat, which measures 2,072 square feet and comes with two parking spaces, translates to HK$41,409 per sq ft.

It follows several recent purchases of luxury residential properties by super-wealthy buyers.