{"id":54102,"date":"2025-12-29T09:47:47","date_gmt":"2025-12-29T09:47:47","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=54102"},"modified":"2025-12-29T09:47:56","modified_gmt":"2025-12-29T09:47:56","slug":"polly-chu-advises-offshore-conglomerate-in-landmark-hk2-2-billion-deep-water-bay-luxury-property-acquisition","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/polly-chu-advises-offshore-conglomerate-in-landmark-hk2-2-billion-deep-water-bay-luxury-property-acquisition\/","title":{"rendered":"Polly Chu Advises Offshore Conglomerate in Landmark HK$2.2 Billion Deep Water Bay Luxury Property Acquisition"},"content":{"rendered":"

Hugill & Ip is proud to announce its pivotal role in a landmark real estate<\/a> transaction, representing an offshore company part of a prominent Mainland Chinese conglomerate in the acquisition of two ultra-luxury houses at 6 Deep Water Bay Road for a combined HK$2.2 billion (over US$282 million). This significant deal marks one of the highest records achieved in recent years for luxury residential properties in Hong Kong.<\/strong><\/p>\n

<\/p>\n

Polly Chu, Head of Real Estate at Hugill & Ip, led the team advising the buyer, navigating the complex legal and regulatory landscape inherent in such a substantial cross-border investment. The seller, Swire Properties<\/a>, is represented by JSM<\/a>.<\/p>\n

The transaction, scheduled for completion in the first quarter of 2026, implies an impressive price of approximately HK$147,010 per square foot. The exclusive development comprises two exquisite three-storey homes situated on a single lot, with saleable areas of approximately 9,600 sq ft and 5,300 sq ft respectively.<\/p>\n

Each residence is a masterpiece of design and craftsmanship, offering four to five en-suite bedrooms, private swimming pools, meticulously landscaped gardens, and expansive outdoor terraces. The properties are further distinguished by their wrap-around glass facades, providing unparalleled panoramic views of Hong Kong\u2019s stunning southern coastline. Perched on the lush hillside above Deep Water Bay, the location is only a stone\u2019s throw away from some of the city\u2019s most exclusive private clubs, top international schools, and major business hubs, commanding uninterrupted views of Hong Kong\u2019s South Coast.<\/p>\n

“We are immensely proud to advise our client, an offshore entity of a prominent mainland Chinese conglomerate, on this significant acquisition,” said Polly Chu<\/a>.<\/p>\n

“This transaction not only underscores the enduring appeal and resilience of Hong Kong’s ultra-luxury residential market but also highlights Hugill & Ip’s deep expertise in handling complex, high-value cross-border real estate investments. Our team successfully navigated the intricate legal requirements to ensure a seamless process for our client, reinforcing our position as a trusted advisor in the region’s most sophisticated property deals.”<\/p>\n

The swift sale of these exceptional properties demonstrates the market’s appreciation for premium products and reflects the robust demand for world-class residential properties in Hong Kong’s most sought-after locations. Hugill & Ip\u2019s real estate practice is working on a series of high-end sales which further exemplify the city’s continued vibrancy in the luxury residential sector.<\/p>\n

 <\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-54102","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/54102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=54102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}