Longfor Properties tycoon paid HK$1.39b for Mount Nicholson home

Business | 17 Apr 2018 2:47 pm

The purchaser of a luxury house at Mount Nicholson on the Peak, has finally been revealed as Cai Kui, ex-husband of Longfor Properties (0960) executive chairman Wu Yajun. Cai paid HK$1.399 billion, or HK$150,000 per square foot.

The house has a saleable area of 9,217 sq ft.

Cai and Wu divorced six years ago and reports suggest that Cai received HK$20 billion from the divorce suit. Wu’s net worth reached HK$55.3 billion last year.

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