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Cheryl Arcibal

Themis Qi

A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records.
Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed.
According to the Companies Registry, Gao serves as a director of Matrix Properties along with Jiang Yijun. Gao is also the CEO and chief investment officer of CoreView, according to his LinkedIn page.
Jiang and Bosco Consultancy, with a registered address in the British Virgin Islands, were listed as shareholders of Matrix Properties.
Based on the purchase price, the 9,414 sq ft six-bedroom unit was valued at HK$61,499 per square foot.
Gao did not immediately reply to several requests for comment on Thursday.
The CoreView CEO was formerly with the Beijing-headquartered venture capital firm Hillhouse Capital, which he joined in 2009 and where he was responsible for investments in technology, media and telecommunications. He left the firm in 2019.
The latest luxury home purchase underscores an investment upswing in this segment of the city’s property market, alongside a broader recovery in demand for residential properties.

No 15 Shouson Hill – a development of Emperor International Holdings, C C Land Holdings and CSI Properties – has 15 luxury villas, eight of which have been sold so far with a total value of about HK$4.5 billion.
Following a deal made in October last year that fetched HK$845 million, or about HK$69,991 per square foot, for House 2, Emperor in the same month put House 6, along with House 10 and House 15, for tender.
In recent months, a number of Hong Kong’s most affluent have acquired upscale homes in a series of transactions after nearly four years of decline in luxury flat prices.
Homes with areas of at least 1,076 sq ft saw prices decline by as much as 22.7 per cent since they peaked in October 2021, according to government data. So far this year, prices of these properties have inched up by 0.03 per cent.
Meanwhile, 51,361 new and lived-in homes had changed hands from January to October, according to official data. That put this year’s residential sales on track to exceed the 53,099 units sold in 2024.
Last week, the vice-chairman and executive director of Tomson Group, Charles Tong Chi-kar, bought a HK$112 million 2,335 sq ft four-bedroom home at The Legacy in Mid-Levels West, according to the Land Registry.
Hong Kong-listed Tomson Group, known for its luxurious Tomson Riviera residential project in Shanghai’s Pudong district, has its primary operations in mainland China. The firm reported a sharp rise in interim earnings for the first half of this year, largely on the back of sale proceeds from the first phase of Tomson Foresta, another major Pudong development.
Other recent transactions include the purchase of two connected units at Wheelock Properties’ Kadoorie Hill project in Kowloon by the son of former financial secretary Henry Tang Ying-yen. Sold for HK$36.4 million each, the flats were handed over on October 3.
That same month, Hysan Development sold three units at its Bamboo Grove complex in Mid-Levels Central for a total of HK$133 million. Two of them were bought by the son of company chairwoman Irene Lee Yun-lien, while the third was acquired by the wife of non-executive director Lee Chien.
In late September, Swire Pacific chairman Guy Bradley bought a 2,832 sq ft flat at 10A-10B Stanley Beach Road for HK$50 million, according to Midland Realty. Swire Pacific controls Swire Properties and Cathay Pacific Airways.
Former Hong Kong stock exchange CEO Francis Yuen Tin-fan and Lo Ka-shui, chairman of developer Great Eagle Holdings, also recently entered the luxury home market.


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Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill


Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill.


Hong Kong hedge fund founder buys luxury home in Shouson Hill for US$74.3 million

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill

Matrix Properties, in which CoreView Capital’s Vincent Gao Leyi is a director, snaps up House 6 at the upscale No 15 Shouson Hill