Francis Yuen Tin-fan and his wife picked up the property located on the former airport runway in late June as prices rebounded
Francis Yuen Tin-fan, former CEO of Hong Kong’s stock exchange operator, and his wife spent HK$46.5 million (US$5.92 million) on a luxury flat in Kai Tak, adding to a string of transactions that they have made in the city over the past decade.
Yuen and Rose Lee Wai-mun bought a 1,298 sq ft four-bedroom unit at The Knightsbridge late last month at HK$35,794 per square foot, according to Land Registry records.
The unit was handed over on Tuesday, records showed. Robin Zeng Yuqun, the billionaire founder of electric-car battery maker Contemporary Amperex Technology or CATL, paid HK$33.5 million or HK$33,383 per square foot for his unit in the same development a year ago.
The Knightsbridge, located on 22 Shing Fung Road on the former airport runway, is a 566-unit development by a consortium including China Overseas Land and Henderson Land. There were 456 unsold units in the project at the end of 2024, according to Henderson’s latest annual report.
