Latest news with #JardinesLookout
Bloomberg
6 days ago
- Business
- Bloomberg
Luxury $22 Million Hong Kong Home Bought by XPeng's Brian Gu
The vice chairman and co-president of electric vehicle maker XPeng Inc. bought a luxury home in Hong Kong, as the city's property market hovers around a nine-year low. Brian Gu and his wife Wenisa Ma last week spent HK$171 million ($22 million) for a house in Hong Kong's Jardine's Lookout area, according to regulatory filings. The neighborhood is known for attracting celebrities and billionaires, including property tycoon Joseph Lau.
South China Morning Post
27-05-2025
- Business
- South China Morning Post
A family upcycles a 1970s Jardine's Lookout duplex
Sometimes, serendipity smiles. When a long-time expat family were looking to upgrade the Jardine's Lookout apartment they had lived in for years, a 'gem' of a duplex in the same neighbourhood happened to come on the market. For the family of two professionals and two teenage sons, the 2,150 sq ft, two-level apartment had many advantages: four bedrooms, four bathrooms, a study, plus a rare outdoor terrace. The main draw, however, was two living areas, one on each level. The ground floor's expansive 540 sq ft social space would be perfect for entertaining while the second-floor lounge could be converted to a library-cum-reading room, tailored to the family's love of books. Staircase. Photo: Walker Yip But the property was overdue for a makeover, having been built in the 1970s, with little refurbishment apart from a relatively recent kitchen upgrade. Ian Hau, founder of design and construction firm XLMS, was assigned the task, along with architectural designer Kamila Pioterek. Hau says the clients were focused on functionality and comfort. 'Their main request was to create a practical home with ample storage,' he says. Intending to live there long term, the family wanted a 'timeless' decor that would work with their eclectic collection of vintage furniture , art, books and travel mementos accumulated over the years. At the same time, the brief from the committed upcyclers called for minimal waste and use of sustainable, natural materials – values that Hau says match the ethos of XLMS, which also offers joinery and furniture-fabrication services.
South China Morning Post
15-05-2025
- Business
- South China Morning Post
Meitu founder's wife buys Hong Kong luxury home for US$60 million
The wife of the co-founder of Chinese selfie app Meitu has bought a HK$465.8 million (US$59.7 million) home in Hong Kong's upscale Jardine's Lookout area, joining a cohort of wealthy mainland investors scooping up real estate in the city at attractive prices. Advertisement Wang Baoshan closed the deal for the 5,466 sq ft detached house at 8 Perkins Road on Tuesday, according to the Land Registry. Wang is the spouse of Meitu co-founder Mike Cai Wensheng, according to the company's annual report. The acquisition price for the property was 22 per cent below the asking price of HK$600 million, according to an agent, who mainly deals in luxury homes. The Meitu executive recently had a net worth of about US$1.1 billion, according to Forbes. 'Many mainland buyers like single homes in Jardine's Lookout,' the agent said. 'The price was attractive and the property was on the market for many years.' Mike Cai Wensheng, the co-founder of Meitu, is estimated to be worth US$1.1 billion. Photo: Shutterstock Images Jardine's Lookout is a low-density, high-end residential enclave in the Wan Chai district of Hong Kong island. Pop icon Jacky Cheung and his wife May Lo owns property in the area that is named after William Jardine, the founder of Hong Kong-based British conglomerate Jardine Matheson. Advertisement
