Chow Yun-fat nets 91% gain on Hong Kong flat after 31 years as prices rebound
Veteran actor’s deal highlights recovery on the secondary market, even as new launches curb momentum
Chow Yun-fat, the legendary Hong Kong actor, has sold a Mid-Levels flat after more than three decades, securing a roughly 91 per cent gain, as the city’s secondary housing market continues to strengthen.
The 541 sq ft, three-bedroom flat in Corona Tower fetched HK$7.5 million (US$960,000), or HK$13,863 per square foot.
The sale agreement was signed on February 11 and the transaction was registered on March 11, according to Land Registry records.
The deal generated a gain of HK$3.58 million compared with the purchase price of HK$3.92 million. The flat was acquired in May 1995 by Chow Yun Fat Company, a corporate vehicle whose directors include Chow’s wife, Tan Hui-lian, according to data from the Land Registry and Companies Registry.