Hong Kong's first chief executive, Tung Chee-hwa, has bought a familiar place to call his home. It's at Grenville House in Mid-Levels and was secured at a price of HK$160 million. And he only needed to pay HK$6.8 million in tax as a first-time buyer.
Tung bought the 3,335-square-foot flat and a parking space last month.
Tung, now 84, was in the flat for over 20 years, and he'd also lived in the adjacent D2 flat owned by his family before he served as SAR leader.
He did not move into Government House when he became top man in 1997 but continued to stay in Grenville House. The government actually combined C2 and D2 into one unit and paid monthly rent of HK120,000.
Tung stayed there after quitting as chief executive in 2005, and he bought the place after his landlord decided to sell.