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Salina Li

The son of former financial secretary Henry Tang Ying-yen has bought property in Kowloon, joining a growing number of affluent buyers snapping up homes in Hong Kong amid improving confidence in the residential market.
Two connected units at Wheelock Properties’ Kadoorie Hill luxury project were sold for HK$36.4 million (US$4.7 million) each and handed over on October 3, according to the Land Registry. The flats were bought through two entities, Jumbo Bridge and Risking Sky. William Harry Tang Jiasheng, the son of former finance minister Henry Tang, is connected to the transactions as he is a director of both companies, according to the Companies Registry.
The two units with a combined area of 2,912 sq ft have eight bedrooms and two parking spaces. The transacted price was about HK$25,000 per square foot, according to agents.
The property market has seen some increased activity recently, with three major transactions in the last two weeks, reflecting growing confidence.

On Saturday, Hysan Development sold three units at its Bamboo Grove luxury complex in Mid-Levels for a total of HK$133 million, two of which were bought by the company chairwoman Irene Lee Yun-lien’s son, Nicolas Hugh Ingram, while the third was acquired by the wife of non-executive director Lee Chien.
Ingram bought two units, measuring 1,451 sq ft and 1,503 sq ft, for HK$77.23 million, or about HK$26,000 per square foot.
Sharp Focus, an entity owned entirely by Chien’s wife Kitty Chou Hok-yee, acquired a 2,191 sq ft unit for HK$56.39 million, or about HK$25,700 per square foot.
Bamboo Grove on Kennedy Road has been held by Hysan as a rental property since its completion in 1985. The development, consisting of six buildings with 345 units and 436 parking spaces, caters primarily to senior executives. The flats range from 730 sq ft to 4,804 sq ft, with one to six bedrooms.
In late September, Swire Pacific chairman Guy Bradley bought a luxury property in the Southern district for HK$50 million.
Bradley bought the 2,832 sq ft flat at 10A-10B Stanley Beach Road for HK$17,655 per square foot, according to Midland Realty.
Swire Pacific controls Swire Properties, one of Hong Kong’s oldest and largest builders of luxury homes and grade A offices, as well as Cathay Pacific Airways.
Other investors like Francis Yuen Tin-fan, the former CEO of the Hong Kong stock exchange, and Lo Ka-shui, chairman of developer Great Eagle Holdings, also bought luxury flats recently.
Lo and his family bought 11 units in Deep Water Pavilia, developed jointly by MTR Corp and New World Development, according to agents.


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Hong Kong property

Henry Tang’s son buys 2 flats in Wheelock’s Kadoorie Hill in boost to property market

Kadoorie Hill, developed by Wheelock Properties, is a luxury residential project in Kowloon. Photo: Handout

William Harry Tang, the son of former finance minister Henry Tang, has bought two adjoining flats in Wheelock’s Kadoorie Hill. Photo: Handout

Signs of confidence: affluent Hong Kong investors snap up luxury flats as market improves

Potential buyers at the sales offices of Deep Water Pavilia in June. Photo: Edmond So

Hang Seng University of Hong Kong confers an honorary doctorate to Francis Yuen Tin-fan at a ceremony held in March 2023. Photo: SCMP

Lo Ka-shui, chairman and managing director at Great Eagle Holdings. Photo: May Tse.

Flats under construction at Deep Water Pavilia, developed by a consortium led by MTR Corp and New World Development. Photo: Handout

Hong Kong Olympic fencer Cheung Ka-long buys HK$16 million flat in Sun Hung Kai project

Sun Hung Kai Properties’ St Martin residential development in Pak Shek Kok on April 22, 2019. Photo: Edmond So

Cheung Ka-long at the Asian Fencing Championships in Bali on September 19, 2025. Photo: FIE

More affluent buyers to snap up luxury homes amid Hong Kong’s roaring stock market

Luxury residences at the Mont Verra development in Beacon Hill. Photo: Kerry Properties

The entrance to the mansion at 1 Gough Hill Road, on Hong Kong Island’s The Peak, which sold for HK$1.09 billion in August. Photo: Google

The 11-bedroom, 8-bathroom family home at 72 Repulse Bay Road. Photo: Habitat Property

Hysan sells Hong Kong’s Bamboo Grove flats worth HK$133 million to Lee family members

The Bamboo Grove complex on Kennedy Road, Mid-Levels. Photo: Google Map

Hysan chairwoman Irene Lee Yun-lien. Photo: May Tse

Swire Pacific boss buys US$6.4 million Hong Kong flat as investors’ property faith return

The luxury unit on Stanley Beach Road sold for HK$17,655 (US$2,270) per square foot. Photo: Handout

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The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang


The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang.


Henry Tang’s son buys 2 flats in Wheelock’s Kadoorie Hill in boost to property market

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang

The flats, worth a combined US$9.4 million, were sold to entities linked to William Harry Tang, the son of ex-finance minister Henry Tang