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Salina Li

A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong’s Southern district for HK$125 million (US$15.9 million), as sentiment in the city’s property market improves gradually.
Two connected units at the Parkview apartment complex in Tai Tam, with a total area of 4,616 sq ft, were sold for HK$27,080 per square foot to Lion Rock (HK), according to Land Registry records. The property was handed over on Tuesday.
The sole director of Lion Rock, Jeremy Wong Ka-chun, is also one of the three directors of Energy World; the other two are Peter Wong Tung-shun and his wife Camay Wong Ng Kam-mie, according to another Land Registry record. HSBC declined to comment.
Peter Wong, 73, is HSBC’s Asia-Pacific chairman. As the most senior executive of Hong Kong’s largest bank, he has the use of Taipan House on The Peak, a colonial-era mansion bought in 1983 for the the company’s so-called “big boss”.
The Taipan House, located on Middle Gap Road, overlooks Aberdeen and the south side of Hong Kong Island. The property has been home to former HSBC chairmen such as William Purves, John Gray, John Strickland, David Eldon and Vincent Cheng. It was handed over to Wong in 2011.

The purchase of the Parkview units came as Hong Kong’s property market was showing signs of recovery, with lived-in home prices recording a small gain for the second straight month in May, according to official data.
In the first five months of the year, second-hand home prices declined 0.9 per cent. They are down 28 per cent from a peak reached in September 2021.

Celebrities, tycoons and other wealthy investors have been snapping up luxury homes in Hong Kong at low prices.
Earlier this month, Hong Kong pop diva and actress Karen Mok Man-wai bought a flat in Mid-Levels for HK$84.5 million.
According to the Land Registry, a 2,153 sq ft three-bedroom flat at Dynasty Court on Old Peak Road was handed over on June 12 to buyer Karen Joy Morris, which is Mok’s birth name.

The sister of former Hong Kong chief executive Tung Chee-hwa last month bought a HK$119 million flat in Mid-Levels. The 3,349 sq ft, four-bedroom unit in Grenville House is located at 3 Magazine Gap Road, according to Land Registry records.
In April, Ant Group executive vice-president Shao Xiaofeng and his wife Li Jian bought a four-bedroom, 3,314 sq ft detached house in Villa Rosa, Tai Tam, for HK$78 million, according to property agents. Hangzhou-based Ant Group is the fintech affiliate of Alibaba Group Holding, which owns the Post.
In the first half of 2025, Hong Kong’s luxury property market experienced increased activity as leveraged sellers sought to unload homes at low prices to raise cash, according to consultancy Knight Frank. This attracted cash-rich buyers, creating opportunities for investors to buy high-value properties at reduced rates.
Knight Frank said it expected a price drop of up to 5 per cent this year for residential homes priced between HK$20 million and HK$40 million, while homes valued over HK$40 million were expected to remain stable.


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Hong Kong property

Buyer linked to HSBC’s ‘taipan’ Wong puts down US$15.9 million for a Hong Kong luxury flat

Parkview, luxury residential blocks on Tai Tam Reservoir Road of Hong Kong Island, on October 20, 1995. Photo: Handout

Aerial view of Parkview, a luxury residential complex above Tai Tam Country Park on November 17, 2019. Photo: LightRocket via Getty Images

A General view of HSBC’s Taipan House, a mansion on Middle Gap Road at The Peak, reserved for the bank’s most senior executives. Photo: Handout

HSBC non-executive Asia Pacific chairman Peter Wong Tung-shun, at HSBC headquarters in Central on December 2, 2022. Photo: Xiaomei Chen

Hong Kong pop diva Karen Mok picks up HK$85 million luxury flat in Mid-Levels

Hong Kong pop diva and actress Karen Mok. Photo: Handout 

Dynasty Court on Old Peak Road in the affluent Mid-Levels district. Photo: Google

Hong Kong luxury property: mainland buyers pounce on big discounts from local sellers

A mainland buyer has acquired a 6,071 sq ft detached unit in Pokfulam 138, developed by Ryoden Development, for HK$300 million. Photo: Handout

View of Sun Hung Kai Properties’ residential development Sierra Sea in Sai Sha. Photo: Edmond So

Macau luxury property The 13 Hotel sells for HK$600 million to a local buyer

After a five-year search for a buyer, The 13 Hotel in Macau finally welcomes a new owner. Photo: Handout

Buyer linked to HSBC’s ‘taipan’ Wong puts down US$15.9 million for a Hong Kong luxury flat

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The sale comes as sentiment in the city’s property market improves gradually

The sale comes as sentiment in the city’s property market improves gradually