A Tycoon Just Spent $180 Million on Hong Kong Luxury Property
Residential buildings in the Deep Water Bay and Repulse Bay areas of Hong Kong.
Photographer: Vivek Prakash/BloombergThis article is for subscribers only.
A paper tycoon and his wife are reported to have made Hong Kong’s most expensive luxury property purchase this year, paying HK$1.45 billion ($180 million) for a nine-apartment complex in Repulse Bay.
Raymond Lee, the chairman and co-founder of Lee & Man Paper Manufacturing Ltd., and his wife, Wong Man Yi, are directors of a private company that bought 8 Headland Road this month, the South China Morning Post reported, citing land registry and company records.