Key facts
- A company associated with Mico Chung and Nina Kan sold a luxury home on The Peak for US$13.4 million.
- The property at 27 Plantation Road was sold to Hu Hanyang.
- The sale was completed on June 12.
- The house was originally purchased in 1993 for US$1.5 million.
- The sale price per square foot was US$4,290.
A company linked to Hong Kong property tycoon Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records.
AQUA SOLE Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole.
The company acquired the property in 1993 for HK$12 million. The 3,120 sq ft house comes with a garden and a parking space. The transaction valued the property at HK$33,654 per square foot in one of Hong Kong’s most exclusive residential neighbourhoods.
Chung and Kan are the latest among Hong Kong’s wealthy and high-profile residents to cash out of the city’s luxury housing market. In May, actors Nick Cheung and William Chan also sold high-end homes, according to official records. Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million.