Mandopop star Richie Jen snaps up US$8.8 million Repulse Bay flat
Market watchers say improving liquidity and strong mainland demand are helping revive transactions in Hong Kong’s luxury housing segment
Taiwanese singer and actor Richie Jen Hsien-chi has joined a growing list of celebrities returning to Hong Kong’s luxury property market, purchasing a HK$68.8 million (US$8.8 million) flat in Repulse Bay as confidence gradually returns to the city’s high-end residential sector.
Land Registry records showed that a sale and purchase agreement was signed on June 9 for a four-bedroom unit at Belgravia, a low-density luxury development at 57 South Bay Road.
The buyer was listed as R N C Investment Limited, whose directors were Jen and his wife, Chen Che-yu, according to Companies Registry filings.
The flat has a saleable area of 2,197 sq ft and was sold together with a parking space, translating into a price of about HK$31,315 per square foot.
The transaction was completed at a premium to a recent comparable deal in the development. A higher-floor unit of the same size changed hands for HK$65 million in April 2025, suggesting Jen paid about 5.8 per cent more despite buying a lower-floor flat.
The seller, who acquired the flat and parking space for HK$54 million in 2009, realised a gain of HK$14.8 million, or about 27 per cent, based on the latest transaction price.