Five other Hong Kong stars who, like Joey Yung, bought properties for millions of dollars recently
When it comes to investing, artists are just like most other Hongkongers – they go for property. They even buy homes for their parents, as Wong Cho-lam and Nicholas Tse did; one actor, though, bucked the trend for buying luxury homes
Heavy stamp duty and outrageous prices have not put Hong Kong artists off purchasing their dream homes. Hong Kong singer Joey Yung recently bought a house in the city for an estimated HK$200 million (US$25.5 million). Here are five others who splashed out on properties in recent years.
1. Nick Cheung Ka-fai
53-year-old actor Nick Cheung Ka-fai, who won best actor at the Hong Kong Film Awards in 2014 for his titular role in Unbeatable (2013), bought a 3,366 square foot flat for HK$131 million in Grenville House, in the city’s upper middle-class Mid-Levels neighbourhood on Hong Kong Island, in May 2017.
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He thereby became neighbours with a former chief executive (head of the Hong Kong administration), Tung Chee-hwa.
Actress Angela Yeung Wing (also called Yang Ying), better known by her stage name Angelababy, acquired a flat in Residence Bel-Air, Pok Fu Lam, for HK$36 million in February 2017.
However, that was only a drop in the bucket compared with what she and Chinese actor Huang Xiaoming spent on their wedding. The extravagant ceremony in 2015 was estimated to have cost HK$260 million.
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3. Wong Cho-lam
Living on the Heng On Estate, a public housing estate in Ma On Shan, in Hong Kong’s New Territories, Wong Cho-lam was a neighbour of Joey Yung during his childhood. Now a successful entertainer, he has moved out of the neighbourhood into a luxury home at Mayfair By The Sea in the New Territories new town of Tai Po, which he shares with his wife, Leanne Li Yanan.
In addition to the HK$110 million he spent on the house, he splurged another HK$37 million for a second unit in the upscale estate for his mother.
4. Nicholas Tse Ting-fung
Another artist who has bought his parents property as a gift is Nicholas Tse, who in 2017 bought a HK$85 million flat at The Somerset in Repulse Bay, on Hong Kong Island’s upscale South Side, for his father, Patrick Tse Yin. The property Yung bought is in the same neighbourhood.
However, it was recently reported that the near 2,000 sq ft apartment is now registered in the actor’s name, not that of his father.
5. Louis Koo Tin-lok
Not every artist is keen on investing in luxury properties. Though Koo lives in a villa in Residence Bel-Air, estimated to be worth HK$200 million, the property he bought in February last year was not another home, but rather an entire floor of the Milkyway Building, an industrial building in Kwun Tong, East Kowloon.
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Priced at HK$50 million, it cost as much as many deluxe apartments.