Buyer linked to HSBC’s ‘taipan’ Wong puts down US$15.9 million for a Hong Kong luxury flat

A person connected to veteran HSBC banker Peter Wong Tung-shun bought a luxury unit in Hong Kong’s Southern district for HK$125 million (US$15.9 million), as sentiment in the city’s property market improves gradually.

Two connected units at the Parkview apartment complex in Tai Tam, with a total area of 4,616 sq ft, were sold for HK$27,080 per square foot to Lion Rock (HK), according to Land Registry records. The property was handed over on Tuesday.

The sole director of Lion Rock, Jeremy Wong Ka-chun, is also one of the three directors of Energy World; the other two are Peter Wong Tung-shun and his wife Camay Wong Ng Kam-mie, according to another Land Registry record. HSBC declined to comment.

Peter Wong, 73, is HSBC’s Asia-Pacific chairman. As the most senior executive of Hong Kong’s largest bank, he has the use of Taipan House on The Peak, a colonial-era mansion bought in 1983 for the the company’s so-called “big boss”.

The Taipan House, located on Middle Gap Road, overlooks Aberdeen and the south side of Hong Kong Island. The property has been home to former HSBC chairmen such as William Purves, John Gray, John Strickland, David Eldon and Vincent Cheng. It was handed over to Wong in 2011.

Aerial view of Parkview, a luxury residential complex above Tai Tam Country Park on November 17, 2019. Photo: LightRocket via Getty Images
Aerial view of Parkview, a luxury residential complex above Tai Tam Country Park on November 17, 2019. Photo: LightRocket via Getty Images

The purchase of the Parkview units came as Hong Kong’s property market was showing signs of recovery, with lived-in home prices recording a small gain for the second straight month in May, according to official data.

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