Hong Kong’s “playboy” property tycoon Cecil Chao Sze-tsung has called on the government to source more land to build affordable flats to ease the city’s housing crisis, even at the cost of private developers’ share of the pie.
Born in 1936, Cecil Chao Sze-tsung is a Hong Kong based real estate tycoon and chairman of HK-listed developer Cheuk Nang Holdings. Known for his flamboyant playboy lifestyle, Chao raised eyebrows the world over in September 2012 when he announced a HK$ 500 million bounty to look for a man who could win the heart of his daughter Gigi Chao, who is believed to be lesbian and have married her partner in a civil union overseas.
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