Hong Kong tycoon Peter Law’s daughter buys US$46 million flat after record Peak mansion sale


The daughter of prominent Hong Kong businessman Peter Law Kin-sang has bought a luxury flat in Mid-Levels West following his sale of a Peak mansion in the city’s most expensive property transaction this year.

Winnie Law Wing-yin acquired a 4,710 sq ft (438 square metres) flat in tower two, phase one of The Legacy for HK$355 million (US$45.7 million), according to Land Registry records. The transaction was completed on Tuesday.

The luxury project at 8 Castle Road was jointly developed by Henderson Land Development and New World Development and opened for sales in September.

It features 172 flats, including a three-storey penthouse spanning over 12,000 sq ft – the largest new flat on offer in Hong Kong since 2013. The smallest unit in the building measures 834 sq ft.

The purchase followed Peter Law’s sale of his mansion at 1 Gough Hill Road for HK$1.088 billion in August at a staggering HK$95,018 per square foot. Law is a textiles merchant, developer and racehorse owner.
An undated photo of 1 Gough Hill Road at The Peak. Photo: Handout
An undated photo of 1 Gough Hill Road at The Peak. Photo: Handout

The 11,451 sq ft house includes five bedrooms and five bathrooms, along with a 10,357 sq ft garden, a 3,035 sq ft rooftop terrace and parking spaces larger than the average home in Hong Kong. It also has a swimming pool and a jacuzzi.

  • Related Posts

    Meituan slides into loss in ‘milk tea’ subsidy war with instant commerce rival Alibaba

    China’s food-delivery giant Meituan swung to a deep quarterly loss, as a costly battle with Alibaba Group Holding’s instant commerce business eroded margins and kept revenue growth modest. The Beijing-based…

    Continue reading
    Tensions flare as Wingtech slams chipmaker Nexperia’s head office over deception

    Wingtech accused Nexperia’s head office of being insincere after the Dutch head office publicly released a letter alleging the chipmaker’s Chinese unit of being unresponsive to requests for talks. The…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *