Tomson Group’s Charles Tong buys US$14.4 million Hong Kong home amid luxury market surge
The 2,335 sq ft flat at The Legacy in Mid-Levels West was handed over to the buyer on Monday
Charles Tong Chi-kar, the vice-chairman and executive director of Tomson Group, has bought a HK$112 million (US$14.4 million) home in Mid-Levels West, joining a growing number of affluent buyers who are increasingly confident in Hong Kong’s residential market.
Tomson Group, known for its luxurious Tomson Riviera residential project in Shanghai’s Pudong area, maintains its primary operations in mainland China. The firm reported a sharp rise in interim earnings for the first half of this year, largely due to sale proceeds from the first phase of Tomson Foresta, another major development in Pudong.
The Hong Kong-listed firm also owns several commercial and industrial properties in Pudong, including the Tomson Commercial Building, Tomson International Trade Building and Tomson Waigaoqiao Industrial Park.