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December 6, 2025
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Buyer snaps up billion-dollar Peak home as ultra wealthy defy Hong Kong’s property slump
  • Hong Kong News

Buyer snaps up billion-dollar Peak home as ultra wealthy defy Hong Kong’s property slump

Cs news3 months ago03 mins

Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by the Bank of China,…

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Meitu founder buys Hong Kong’s Ginza-style building for US$84 million
  • Hong Kong News

Meitu founder buys Hong Kong’s Ginza-style building for US$84 million

Cs news7 months ago03 mins

Mike Cai Wensheng, the co-founder and chairman of Chinese selfie app Meitu, bought a 53,000 square foot commercial building in Hong Kong for HK$650 million (US$84 million), with plans to turn the property into an incubation hub for start-ups. “It is a personal investment and entrepreneurial initiative, and I plan to engage in more collaborations…

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