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Homes Hong Kong Tycoon Cheung Chung-kiu Snaps Up London's Most Expensive Home For HK$2.1 Billion

Hong Kong Tycoon Cheung Chung-kiu Snaps Up London's Most Expensive Home For HK$2.1 Billion

LONDON, ENGLAND - SEPTEMBER 14:  A general view of 2-8a Rutland Gate on September 14, 2012 in London, England. The property was the former residence of Sultan bin Abdulaziz, the crown prince of Saudi Arabia, and is thought to be the most expensive home ever to go on the  market in Britain valued at £300 Million GBP.  (Photo by Dan Kitwood/Getty Images)
The facade of 2-8a Rutland Gate, which will be the most expensive home ever to go on the market in Britain valued at HK$2.1 billion. (Photo by Dan Kitwood/Getty Images)
By Pearl Yan
By Pearl Yan
January 14, 2020
The 45-room mansion in Knightsbridge is set to be the most expensive home ever sold in London and the UK

Cheung Chung-kiu, founder and chairman of Hong Kong-listed company CC Land Holdings, is in the process of closing a deal to buy a 45-room mansion in Knightsbridge for a record price of US$275 million (approx. HK$2.1 billion), making it the UK’s most expensive house sale and one of the most expensive homes in the world. 

Cheung, who already owns the the HK$11 billion Leadenhall Building (better known as “Cheesegrater”) in London, has yet to decide whether the 62,000 square-foot mansion will remain a single house for private use or convert into luxury apartments, which could be sold off for some HK$7 billion. 

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The seven-storey property overlooking Hyde Park was once the home to billionaire businessman Rafic Hariri, the former prime minister of Lebanon. Its latest owner had been Prince Sultan bin Abdulaziz Al Saud who died in 2011.

Located just south of Kensington Gardens, the house features 45 rooms including luxurious bedrooms and extravagant dining rooms designed by acclaimed French designer Alberto Pinto.

The Knightsbridge house is not the only property Cheung invested in the UK, as CC Land Holdings has been active in the country since 2016. Here are Cheung’s other investments, plus the most expensive house in Hong Kong you should know about.

The Travelodge Hotel (434 million)

Bought by YT Realty—a Hong Kong-based investment holding company which Cheung chairs—in 2016, the Liverpool Street Hotel of Travelodge in Central London is a 142-bedroom, 45,000 square-foot, six-storey hotel complex. 

Vodafone's Paddington Headquarters (HK$3 billion)

CC Land Holdings bought One Kingdom Street, the Paddington headquarters of Vodafone, for £290 million (approx. HK$3 billion) in 2017. 

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Middle Gap Road mansion (HK$3.8 billion)

The standalone house on 24 Middle Gap Road is Hong Kong's most expensive home on sale at the moment.
The standalone house on 24 Middle Gap Road is Hong Kong's most expensive home on sale at the moment.

The HK3.8 million mansion on 24 Middle Gap Road has been up for sale since 2018. If sold, it could break the record for the most expensive home ever sold in Hong Kong. 

See also: Unusual Hobbies Of Billionaires Around The World

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Homes Hong Kong Tycoon Cheung Chung-kiu Most Expensive Homes London hong kong billionaire

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