Person connected to HSBC banker buys luxury property for US$15.9 million

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 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.

Peter Wong, 73, is the chairman of HSBC Asia-Pacific. HSBC declined to comment.

The transaction 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.

In the first five months of the year, second-hand home prices declined 0.9 per cent. They are down 28 per cent from a peak reached in September 2021.