Tycoon Henry Cheng’s wife pays HK$450 million for luxury flat on The Peak, as the super-rich seek safety in bricks and mortar

//Tycoon Henry Cheng’s wife pays HK$450 million for luxury flat on The Peak, as the super-rich seek safety in bricks and mortar

Tycoon Henry Cheng’s wife pays HK$450 million for luxury flat on The Peak, as the super-rich seek safety in bricks and mortar

The wife of Henry Cheng Kar-shun, Hong Kong’s third-richest man, has bought a flat on The Peak for HK$450 million (US$57.7 million), as the city’s most well-heeled residents continue to channel their capital into bricks and mortar to protect their wealth.Katherine Ip Mei-hing bought the four-bedroom, 4,256 square-foot apartment at 8 Peak Road from CSI Properties and Phoenix Property Investor last month, according to sources familiar with the deal.The price tag translates to HK$105,535 per sq ft…

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By | 2021-12-29T09:43:22+00:00 December 29th, 2021|Business|Comments Off on Tycoon Henry Cheng’s wife pays HK$450 million for luxury flat on The Peak, as the super-rich seek safety in bricks and mortar