Hong Kong property tycoon Mico Chung cashes out of US$13.4 million home on The Peak
Hong Kong’s luxury property market sees another big-ticket deal as a mansion on The Peak changes hands
Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole.
The company acquired the property in 1993 for HK$12 million, the records show.
According to property agents’ listings, the 3,120 sq ft house comes with a garden and a parking space. The transaction valued the property at HK$33,654 per square foot in one of Hong Kong’s most exclusive residential neighbourhoods.
Chung and Kan are the latest among Hong Kong’s wealthy and high-profile residents to cash out of the city’s luxury housing market.
In May, actors Nick Cheung and William Chan also sold high-end homes, according to official records.
Cheung, who won best actor awards for Beast Stalker in 2008 and Unbeatable in 2013, sold his flat at Grenville House in Mid-Levels for HK$132 million. The buyers were identified in Land Registry records as Lee Yuen Ann Geoffery and Xu Ranying, with the transaction completed on May 15.