Hang Seng Bank CEO buys HK$26.6 million flat as Hong Kong home prices edge higher
A lived-in flat measuring 1,193 sq ft at Flora Garden in Tai Hang was handed over on Wednesday to Hang Seng Bank’s CEO Diana Cesar
A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry.
The unit was transacted for HK$26.6 million (US$3.4 million), or HK$22,322 per square foot, slightly higher than previous transactions in the apartment complex, according to an agent. Another unit in the same block measuring 1,011 sq ft was sold on Wednesday for HK$20 million, or HK$19,703 per square foot, according to Centaline’s website.
Flora Garden, which was completed in 1987 by the Nan Fung Group, comprises three H-shaped buildings with a total of 240 units.
Cesar, who has been Hang Seng Bank’s CEO since 2021, joins a growing list of wealthy investors and financial executives who are betting on a recovery in the city’s housing market.