Movie icon Chow Yun Fat, who has a $163m property portfolio, sells HK condo unit for $1.2m

Hong Kong screen icon Chow Yun Fat has sold his long-held condominium unit for HK$7.5 million (S$1.2 million), according to records from the Hong Kong Land Registry.

The three-bedroom unit, located in Corona Tower in Mid-Levels West, was originally purchased in 1995 for HK$3.9 million.

The latest transaction, said to be Chow’s first officially recorded residential sale in nearly 16 years, generated a profit of HK$3.58 million – a 91 per cent appreciation in value over a 31-year holding period.

According to Hong Kong news portal Dimsum Daily, the luxury unit – offering a saleable area of 50 sq m – was initially listed in 2024 at HK$8.99 million.

However, it eventually changed hands in February at about HK$13,863 per square foot.

Despite the sale, Chow continues to boast an impressive property portfolio worth over a whopping HK$1 billion.

The 70-year-old actor reportedly lives with his Singaporean wife Jasmine Tan, whom he married in 1987, in a 285 sq m luxury mansion in Cumberland Road in Kowloon.

According to Hong Kong media outlet HK01, his primary residence was purchased in the 1990s for about HK$14.7 million as an investment. Its value later surged to an estimated HK$200 million at its peak.

Before the recent sale of Chow’s condo unit, HK01 had reported that the actor owned eight properties and a piece of land in Hong Kong, across locations including The Peak, Kowloon, Sai Kung and more.

His three-bedroom, 236 sq m villa in the prestigious The Peak area was purchased in 2010 for HK$128 million, setting a record-high price per square foot at the time. It has never been occupied or rented out.

Reports indicated that he first listed the property for sale in 2022 at HK$220 million, but it received a lukewarm response. He later reduced the asking price to HK$195 million in 2024.

A transaction had yet to be recorded as at press time. THE STAR/ASIA NEWS NETWORK