Despite political strife, protests and ongoing Covid restrictions cutting Hong Kong off from the outside world (unless you’re Jamie Dimon or Nicole Kidman), the city’s high-end property market continues to thrive, reports the Financial Times.
A new Asian highest price PSF record was set last week when Wheelock — the real estate company owned by billionaire Peter Woo, Hong Kong’s seventh-richest person — sold two apartments at Mount Nicholson on The Peak (main image) for a combined HK$1.2 billion (SG$209 million).
The apartments were sold to the same buyer, believed to have been from the mainland, with PSF amounting to a formidable HK$140,800 (SG$24,560). This deal came in the wake of Woo’s Wharf Holdings renting out a home for HK$1.35 million (SG$226,800) per month, also a new Hong Kong record high.
Another HK tycoon vending a costly piece of property recently was Richard Li, son of billionaire Li Ka-shing, Hong Kong’s wealthiest individual. The insurance arm of Richard Li’s Pacific Century Group, FWD, and co-owner CapitaLand Integrated Commercial Trust sold Singapore office building One George Street for SG$1.28 billion.
The buyer was identified as a joint venture of JP Morgan Asset Management and Nuveen Real Estate. FWD had acquired its 50% stake in the prestigious CBD block for SG$591.6 million in 2017, according to reports.
Singapore-based billionaire Leo KoGuan — who bought Singapore’s largest penthouse, at Guoco Tower’s Wallich Residence, from James Dyson for SG$62 million a year ago — has revealed in an interview with Insider how he amassed a US$7 billion (SG$9.5 billion) stake in Tesla. “I’m all in. Any money I have I spend on Tesla,” KoGuan says.
KoGuan is not alone splurging on Elon Musk’s electric cars. You’ve probably noticed a surge in the number of Tesla automobiles on Singapore’s roads in recent months. Though Teslas only officially became available for sale here this year, it seems that numerous deliveries have been made of late.
While Reuters reports that just 30 were quietly navigating our streets in the first half of 2021, by the end of the third quarter, Singaporean owners had taken possession of a total 487 Teslas, according to Land Transport Authority data. The cars (which, including COE, cost Singaporean buyers about 4x their US sticker price) still comprise a mere fraction of the auto market, accounting for 1.4% of new car registrations in Singapore this year.
An ultra-modern Tesla would look perfect parked up outside the new home purchased for US$5 million by China-born, Canadian-raised actor Simu Liu. The star of recent Marvel hit Shang-Chi and The Legend of The Ten Rings (in cinemas and also now screening on Disney+) has just acquired a contemporary abode on Mount Olympus in the Hollywood Hills. Though Liu plays a hero in the new Marvel franchise, his stylish 4,700 ft home is described as a “supervillain-worthy lair” in a report from Dirt.com — full images at the link.
–
Well, do you think Simu Liu deserves his super-villain lair? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends 5 celebrity homes that you need to see (Hollywood edition) and What has Leo KoGuan, who now lives in James Dyson’s former penthouse in Guoco Tower, has to do with Tesla?
Looking for a property? Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
The post Luxury Property News: Billionaire Deals, Electric Wheels, Superhero Buys appeared first on 99.co.
