Jacky Cheung's duplex apartment in Hong Kong is up for sale at S$74.5m
Cheung and his wife, former actress May Lo, reportedly purchased the two units for a total of S$8.1 million in 1993 and 2004.
Hong Kong’s Cantopop king Jacky Cheung recently put up his luxury duplex for sale with an asking price of S$74.5 million, Hong Kong media reported. The duplex is located in a building called The Somerset in Repulse Bay, known as one of the most expensive residential areas in the world.
According to reports, Cheung's 4,655 sq ft apartment is made up of two duplex units, which Cheung combined into one. The singer and his wife, former actress May Lo, purchased the two units for S$8.1 million in 1993 and 2004.
With his asking price, Cheung is looking at a potential eight-fold profit on the property. The couple have been living there with their two daughters, but recently purchased a new home and are looking to take advantage of the strong property market.
Cheung is known as a savvy property investor. Besides the duplex at The Somerset, he reportedly owns at least five other properties in the city with a total market value of at least S$138.5 million. This includes a unit in Elm’s Tree at Jardine’s Lookout, and a penthouse in Repulse Bay.
Repulse Bay is a top residential market for Hong Kong’s well-heeled. It is also a popular weekend hangout spot for locals in the summer.