Published: 8:13pm, 28 Sep 2025Updated: 9:26pm, 28 Sep 2025
Swire Pacific chairman Guy Bradley bought a luxury property in the Southern district of Hong Kong for HK$50 million (US$6.4 million), as affluent investors continue to show confidence in the city’s home market.
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The low-density luxury apartment with a saleable area of 2,832 sq ft, located at 10A-10B Stanley Beach Road, was sold to Bradley at HK$17,655 per square foot, according to Midland Realty.
The chairman “had been searching for an investment on Hong Kong Island because he remains optimistic about the outlook for the luxury residential property sector”, Midland, the city’s largest residential property agency, said in a statement on Sunday.
It added that “significant capital” was flowing into high-quality luxury homes, the latest sign of improved sentiment towards Hong Kong’s home market.
Swire Pacific controls Swire Properties, one of Hong Kong’s oldest and largest builders of luxury homes and grade A offices, as well as Cathay Pacific Airways.
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Rich investors including Francis Yuen Tin-fan, the former CEO of the Hong Kong stock exchange, and Lo Ka-shui, chairman of property developer Great Eagle Holdings, have snapped up luxury units recently even as many local homebuyers remained wary of further price declines.
Midland said those luxury homes with investment value were highly sought after by high-net-worth investors.