Canto-pop star Joey Yung buys luxury home in Repulse Bay for estimated US$25 million
Hong Kong’s home prices have surged for 24 consecutive months, the longest stretch for a property bull market in a quarter of a century
Hong Kong Canto-pop singer and actress Joey Yung Cho-yee has bought a house at one of Hong Kong’s most prestigious seafront developments in Repulse Bay, for what could be an estimated HK$200 million (US$25.5 million), or HK$58,852 per square foot.
Yung bought the 3,341 square feet house No. 42 at 56 Repulse Bay Road development through Saintfield Limited, according to the Land Registry.
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A company records search showed the directors of Saintfield changed to Yung, 38, and her mother, Yu Kam-fong, on March 20.
The spectacular sale comes at a time when Hong Kong’s home prices have surged for 24 consecutive months, the longest stretch for a property bull market in a quarter of a century, making the city the world’s costliest urban centre to live and work.
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Yung started her musical career in 1999, signing for Emperor Entertainment Group. She ranked 63rd on the 2014 “Forbes China Celebrity 100” list and reportedly earned close to HK$100 million last year.