The value of luxury properties in Hong Kong can be considered “first class” in the world, not only expensive, but also very difficult to find. This, coupled with the fact that many wealthy people aspire to such a place, makes the value of luxury properties in Hong Kong has always been increasing. Because the situation is different every year, so the most expensive mansion in Hong Kong is also likely to change hands!
On March 22, the Hong Kong Rating and Valuation Department (valuation of real estate properties and the collection of rates and government rent) announced a valuation of the rental value of all properties in Hong Kong in 2021 (rental value is numerically equivalent to “fixed cost”, which is the difference between total income and total cost), from which The rental value of each rich man’s property can be seen from it, among which “Uncle Four” Lee Shau-kee’s mansion in Pak Ka Road, the Peak, with a rental value of $26.46 million became the most expensive mansion in Hong Kong.
The holder of the most expensive mansion in Hong Kong last year was not Lee Shau Kee (35 Whitehead Road, The Peak), but the richest man in Hubei, the chairman of the Silport Group, Liang Sheng Liang (89 Repulse Bay mansion). In fact, last year, there are experts predicted that Lee Shau Kee’s mansion will become the most expensive property in Hong Kong, I did not expect the results announced this year is really Lee Shau Kee won.
Repulse Bay 89 mansion
In addition to Lee Shau Kee, Lee Ka Shing’s mansion at 79 Deep Water Bay Road has a rental value of more than 8.5 million, and Richard Lee’s mansion at 12 Big Wave Bay Road has a rental value of more than 5.9 million.
No. 79, Deep Water Bay Road
It is understood that Lee Shau-kee’s mansion was bought by his son Lee Ka-shing about 11 years ago with HK$1.82 billion from the Hui Sai-hun Family, and then started to build the “Lee’s Palace”, the project includes 3 houses, as well as 16 parking spaces, a large luxury pool and a lot of green space, with a floor area of 26,000 square feet and a total area of It has a floor area of 26,000 square feet and a total area of 60,000 square feet, with a market value of over $4 billion today.
The initial investment in this property actually originated from Lee Shau Kee’s family concept. Earlier, the Lee Shau Kee family had been living in the top floor of “Wai Court” named after his ex-wife Lau Wai Kuen, but with the increasing number of family members, it was only with this that his young son Lee Ka Shing spent a lot of money to acquire this place.
From the beginning of its establishment until 18 years ago, the place did not obtain an “occupation permit” (an occupancy permit issued by the Department, an important document to prove that the property meets the standards) until last October, when the media inquired about the progress of the construction of the “Lee’s Palace”. The relevant building plans are not allowed to be accessed by outsiders unless authorized by the Lee Shau Kee family, so the privacy of the Lee Shau Kee mansion is very high.
In March last year, Lee Shau Kee’s mansion is in the renovation stage, the middle plus the Epidemic situation, should be slow progress, and now the family has not moved in. I believe that when the Time comes for the Lee Shau Kee family to move, it will cause a huge stir, after all, this has become the most expensive mansion in Hong Kong.
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