Burglar steals HK$1 million in luxury watches from home of Hong Kong businessman

A Hong Kong businessman has become the latest victim of a recent spate of burglaries after a robber broke into his home and made off with four luxury watches worth nearly HK$1 million (US$127,865).

The 53-year-old discovered the burglary when he returned to his house at Lakeview Garden on Yau On Street in the Tai Wai area of Sha Tin at around 1am on Friday, according to police.

The force said the watches were worth an estimated HK$980,000.

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A source familiar with the case said the businessman found his second-floor bedroom had been ransacked.

“Upon inspection, he discovered his four watches placed in a cabinet were missing,” he added.

The Post learned the stolen timepieces included Audemars Piguet and Rolex watches, worth HK$500,000 and HK$400,000, respectively.

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Police have said the watches are worth an estimated HK$980,000. Photo: Warton Li

A preliminary investigation suggested a burglar used “a master key” to enter the house at around 8pm on Thursday, according to the insider.

“At that time, the businessman’s mother heard someone enter through the main door while she was in her third-floor bedroom,” he said.

“She mistakenly thought it was her son returning home, so she did not pay attention and check.”

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Officers checked security camera footage taken from the housing estate as part of their investigation.

Police are treating the case as burglary. Detectives from the Sha Tin district investigation unit are handling the case. No arrests have been made so far.

On Sunday, HK$160,000 in cash and jewellery was stolen from the residence of Hong Kong actress Elvina Kong Yan-yin in the Ting Kau area of Tsuen Wan.

Hong Kong recorded a 51.9 per cent increase in the number of burglaries in the first 10 months of last year. The number of break-ins rose to 1,100 between January and October in 2023, from 724 cases logged over the same period the year before.

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