Hong Kong tycoon's wife pays $78 million for flat on The Peak
The wife of Henry Cheng Kar-shun, Hong Kong’s third-richest man, has bought a flat on The Peak for HK$450 million (S$78.4 million), as the city’s most well-heeled residents continue to channel their capital into bricks and mortar to protect their wealth.
Katherine Ip Mei-hing bought the four-bedroom, 4,256 square-foot apartment at 8 Peak Road from CSI Properties and Phoenix Property Investor last month, according to sources familiar with the deal.
……Property Hong Kong
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