Chow Yun Fat slashes price of Hong Kong luxury villa by 27% after no takers for 4 years
Hong Kong actor Chow Yun Fat has reduced the asking price of his luxury villa at The Peak by 27% after failing to find a buyer for four years. Despite the price cut, the actor maintains a significant real estate portfolio valued at over HK$1 billion.
Why it matters
The story illustrates the cooling luxury property market in Hong Kong and the investment habits of high-net-worth individuals.
Chow Yun Fat has further reduced the asking price of his luxury villa at The Peak in Hong Kong after it was unsold four years in the property market.
Hong Kong media reported yesterday (July 29) that the 71-year-old veteran actor, affectionately known as Fat Gor, had first listed the detached house at Sunshine Villa for HK$220 million (S$36.2 million) in October 2022.
As market responses had been lukewarm, he lowered the price to HK$195 million at the end of 2024 and further reduced it to HK$160 million recently, a reduction of approximately 27 per cent since it was first put up for sale.
Yun Fat reportedly bought the 2,547 sqft property, which features a 2,000 sqft garden, a 700 sqft rooftop and panoramic sea views, for HK$128 million in September 2010.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in