Hong Kong stars Nick Cheung and William Chan join wave of upmarket home sales

Hong Kong actors Nick Cheung and William Chan have become the latest high-end homeowners to sell their units amid a strengthening recovery in the city’s luxury property market. Transactions in the segment more than doubled in the first quarter of the year, compared with the same period in 2025, according to consultancy CBRE. Cheung sold his flat at Grenville House in Mid-Levels for HK$132 million (US$16.86 million) to buyers identified as Lee Yuen Ann Geoffery and Xu Ranying, Land Registry records showed. The deal was completed on May 15. The actor, who won top acting awards for the films Beast Stalker in 2008 and Unbeatable in 2013, bought the property in 2017 for HK$131 million. With the sale, the 3,366 sq ft, four-bedroom flat fetched HK$39,216 per square foot, according to property agents. Chan sold a 1,040 sq ft unit at The Pavilia Hill in North Point for HK$26.28 million, or HK$25,269 per square foot, according to Centaline Property Agency. He bought the three-bedroom property with terrace in 2015. “After deducting various rebates received at the time and factoring in years of rental income, the actual net profit is estimated to exceed 30 per cent,” according to a statement from Centaline, one of Hong Kong’s largest property agency networks. Chan, who served as a style ambassador for Italian luxury fashion house Ermenegildo Zegna in 2019, rose to fame as a singer, with his first solo album released in 2008. The buyer was an end-user from mainland China who was drawn to the unit by its proximity to Tin Hau MTR station, Centaline said. Meanwhile, Simon Clarke, managing director at Citi Private Bank, bought a unit at Morning Light Apartments in Mid‑Levels for HK$21.3 million, according to a deal registered on May 13. Clarke declined to comment. The property last changed hands in 2004 for HK$7.7 million. Agents said the 1,400 sq ft flat was valued at HK$15,214 per square foot in the latest transaction. In the first three months of the year, 64 homes worth more than HK$100 million each were sold in Hong Kong, 156 per cent higher than the 25 transactions a year earlier, according to data compiled by CBRE. The total value more than doubled to about HK$11.7 billion from HK$5.43 billion in the first quarter of 2025, the consultancy said. Savills, meanwhile, tracked 58 luxury-home transactions in the period.