Hong Kong pop diva and actress Karen Mok Man-wai bought a luxury unit in the Mid-Levels district for HK$85 million (US$10.8 million), as the city’s celebrities, tycoons and other wealthy investors continue to pick up plum properties that are selling for a song.
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According to the Land Registry, a 2,153 sq ft three-bedroom flat at Dynasty Court on Old Peak Road was sold for HK$84.5 million and handed over on June 12 to buyer Karen Joy Morris.
Dynasty Court is a luxury housing estate completed in 1991 by Sun Hung Kai Properties. It comprises five blocks, with 409 residential units.
Mok, 55, has released 18 studio albums and starred in more than 40 films. She was the first Hong Kong singer to win the Chinese music industry’s prestigious Golden Melody Award three times and became the first-ever female solo artist to perform a concert at Beijing’s National Stadium, known as the Bird’s Nest.
Her Mid-Levels transaction reflects how wealthy investors have been snapping up luxury homes in Hong Kong on the cheap, as the prices of these exclusive abodes have plunged by as much as 45 per cent from their peak amid high interest rates.
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The sister of former Hong Kong Chief Executive Tung Chee-hwa last month bought a HK$119 million flat in Mid-Levels. The 3,349 sq ft, four-bedroom unit in Grenville House is located at 3 Magazine Gap Road, according to Land Registry records.
In April, Ant Group executive vice-president Shao Xiaofeng and his wife Li Jian bought a four-bedroom, 3,314 sq ft detached house in Villa Rosa, Tai Tam, for HK$78 million, according to property agents. Hangzhou-based Ant Group is the fintech affiliate of Alibaba Group Holding, which owns the South China Morning Post.