Speaking of the luxury housing market in Hong Kong, it can be said to be the benchmark for luxury housing in the world. Hong Kong's luxury houses are also considered by many wealthy people to be the hardest currency in the world. The top luxury houses in Hong Kong are mainly located in the Deep Water Bay, Repulse Bay, , the top of the mountain, and the half-mountain. Some people have calculated that more than hundreds of luxury houses worth hundreds of millions of dollars in Hong Kong have been sold every year, which can be said to be very active. Some people buy these luxury houses for their own use, while others use them for investment.
Almost every top wealthy family in Hong Kong has a representative luxury house in Hong Kong. For example, No. 79, Deepwater Bay in , No. 1, Repulse Bay in , No. 210, Dalang Bay in , , , Ho Ying-Tong, , is a stone manor, and there is also a super luxury house built by Li Ka-ki, , Li Ka-ki, , on the top of the mountain.
In addition to local wealthy families from Hong Kong, buyers in the Hong Kong luxury home market also have many mainland wealthy people. For example, Jack Ma , Shi Yuzhu , Ma Huateng , Xu Jiayin and others have previously owned luxury houses in Hong Kong. In the past two years, many mainland rich people have been in short supply and have placed their luxury homes in Hong Kong, which has once had an impact on the Hong Kong luxury home market. For example, Xu Jiayin is selling his luxury homes in Bulijing Road, Hong Kong. This villa was bought by Xu Jiayin for 1 billion yuan.
Some top wealthy families do not have this top luxury house in Hong Kong. For example, Brigitte Lin After their 1.5 billion mansion was burned, they moved to a smaller villa next to them.
Hong Kong's top luxury housing market has also created many wealthy people in the past few decades. Recently, another villa worth more than 500 million yuan has been successfully sold in Hong Kong, injecting a shot of heart-warming agent into the Hong Kong property market. Located in Kowloon Tong, Hong Kong, this house has a separate garden and is also a single-family villa. The buyer of this house is the Cheng Yu-tung family, one of the four major families in Hong Kong.
In 2001, Cheng Yutong's family bought it through its Chow Tai Fook subsidiary. At that time, it only cost 49 million yuan. However, this time it was successfully sold at a sky-high price of 500 million yuan, which means that this house has successfully increased by 10 times in the hands of the Cheng Yutong's family.
Cheng Yu-tung's family also has a luxury house in Repulse Bay, so they did not live here. This house is mainly for investment and use. Now that I have successfully sold it, I have earned 500 million yuan. Data shows that the appreciation of luxury houses in Hong Kong during the same period was 4 times, while the luxury houses invested by Cheng Yu-tung appreciated 10 times, which also outperformed the market.
Cheng Yu-tung himself died of illness in Hong Kong in 2016. The sale of the house was decided by his grandson Cheng Zhi-kang . So why did Zheng Zhigang buy this house? Could it be that the Cheng Yutong family is also in short supply like the mainland wealthy families?
Zheng Zhigang sold this property, and it was naturally not for this reason. In the past two years, Zheng Zhigang has been reorganizing his family business and selling many non-core resources. Previously, Zheng Zhigang had sold the Arc de Triomphe Hotel in Macau to Liang Anqi , and sold part of the equity in Xinde Center to Xinde Group . In addition, they also sold a shop in Hong Kong to a mainland buyer and cashed out 1.3 billion.
Zheng Zhigang's transactions have been made at least 10 billion yuan now, and most of these funds have allowed Zheng Zhigang to reinvest in the mainland. Because Zheng Zhigang is very optimistic about the development of the mainland, he believes that it is difficult for the Hong Kong market to achieve great things, so he has long focused on the mainland.
Zheng Zhigang said before that the Hong Kong market is too small, with only a few million people. If you focus on the entire Greater Bay Area , then it will be a population of 100 million. In recent years, their family has also invested 200 billion yuan in the Greater Bay Area. Zheng Zhigang recently said that they plan to invest 10 billion yuan in Guangzhou, Shanghai, Beijing and other cities by the end of this year to buy land and develop real estate projects. At the same time, Zheng Zhigang also spent 1.9 billion to buy 50% of the equity of a highway in Guangxi from the boss of Longguang .
The wealth of Cheng Yutong's family is actually greatly underestimated.Their family also has a lot of invisible assets. Many people only know that they have jewelry business and local business. In fact, their family also has a huge infrastructure business. The newly established company under their family has 15 expressways in the mainland, and this asset alone is worth more than 10 billion yuan.
In addition, their family also has an insurance business. Many people only know that in the past few years, Li Ka-shing's family has been engaged in insurance business. In fact, the Cheng Yu-tung's family has also been doing insurance business. Zheng Zhigang spent 19 billion to acquire Hong Kong's Fortis Insurance two or three years ago. In addition, like the Li Ka-shing family, Cheng Yu-tung's family also has a huge aircraft rental business.
In addition, in terms of jewelry, before Cheng Yu-tung passed away, he successfully launched week-old Dafu . However, due to intensified competition and other reasons, Chow Tai Welfare's profits declined in the past few years. After Zheng Zhigang took over, he focused on developing his franchise route. Now Chow Tai Fook's stores in the mainland have successfully exceeded 5,000, and his profit last year also returned to the peak of 7 billion. Chow Tai Fook's market value is also as high as more than 200 billion. In the past two years, Cheng Yutong's family has also seen a lot of value increase due to the recovery of Chow Tai Fook's market value.
In fact, most of the wealth of these old-fashioned families in Hong Kong is greatly underestimated. Liu Luanxiong said that most of the highly respected wealthy people in Hong Kong are underestimated. In 2006, Li Ka-shing revealed that in addition to listed companies, he also had $13 billion in private wealth. In 2004, Li Ka-shing also revealed that he injected his private deposit of HK$50 billion into , an investment company. It can be said that every Hong Kong wealthy family has a large amount of unknown private wealth, and the Cheng Yu-tung family must be the same. These old-fashioned Hong Kong wealthy families have developed after seventy or eighty years, or even longer, and are far from comparable to the mainland rich.
