Hong Kong actor Nick Cheung sold his Mid-Levels flat for HK$132 million, highlighting signs of recovery in the luxury property market.
According to Land Registry records, Nick Cheung completed the sale of his 3,366 sq ft four-bedroom flat at Grenville House in Mid-Levels on May 15 to buyers Lee Yuen Ann Geoffery and Xu Ranying.
The actor had purchased the property in 2017 for HK$131 million. The new transaction fetched HK$39,216 per square foot.
Transactions in the luxury segment more than doubled in the first quarter compared with the same period in 2025, according to CBRE. Habitat Property founder and CEO Victoria Allan said the agency recorded sales of 18 properties worth at least HK$60 million each over six weeks in April and May.
Derek Chan Hoi-chiu, head of research at Ricacorp Properties, noted that the upturn allowed owners to reallocate assets and achieve profitable exits.
