〈The Standard, Oct 11, 2025〉A mansion at No. 1 Peak Road, previously owned by martial arts novelist Louis Cha Leung-yung, or Jin Yong, and currently belonging to Chongqing billionaire Cheung Chung-kiu, became the scene of a tragedy on Tuesday when a 31-year-old Filipina domestic worker was found dead in an apparent suicide.
The three-story villa, now valued at over HK$560 million, stands as what local media describes as Hong Kong's "most valuable haunted property" following the incident. Cheung, often referred to as the "Chongqing Li Ka-shing," purchased the property in 2004 for HK$138 million and reportedly still resides there.
The mansion's storied history includes ownership by the U.S. government before being acquired by local businessmen in 1982. Cha, the celebrated author of "The Legend of the Condor Heroes," bought the property with his wife in 1985 for HK$12 million and sold it in 1996 for HK$196 million after 11 years of ownership.
〈Hong Kong Business, Oct 10, 2025〉Better capital gains for second-hand transactions will support prices of Hong Kong residential properties, according to a UOB report.
For instance, the report noted that Phase 1 of SHKP's Cullinan Sky project in Kai Tak comprised 900 units and was largely sold out due to attractive prices.
For the 14 transactions with available historical price data, 13 or 93% recorded positive returns, with an average profit margin of 11.1%.
“According to our record, during the first four months of the year, only 10% of the 98 secondhand transactions in Kai Tak had positive returns,” UOB said.
〈Asian Post, Oct 10, 2025〉HSBC Holdings is proposing to acquire the rest of Hang Seng Bank at $155 a share in cash, according to a press release.
Hang Seng Shareholders will receive the 2025 Third Interim Dividend, which will not be deducted from the Scheme Consideration.
〈Hong Kong Business s , Oct 10, 2025〉The Land Registry recorded 6,870 sale and purchase agreements in September, up 6.3% from August and 78.8% year-on-year.
The total value of these deals rose 11.9% month-on-month to $53.5b, also up 11.9% from last year.
Residential units accounted for 5,643 agreements, up 6.7% from August and 98.1% from a year ago, with a total value of $47.2b, up 11.9% from August and 126.6% year-on-year.
〈RTHK News, Oct 9, 2025〉HSBC's Co-Chief Executive of Asia and Middle East, David Liao, on Thursday said the lender's plan to privatise its subsidiary, Hang Seng Bank, is mainly "a growth story" that would allow Hang Seng Bank's clients to access a wider range of products.
The remarks came after the London-headquartered bank announced its plans on Thursday, offering to buy all outstanding Hang Seng Bank shares for HK$155 each in cash, a premium of 30 percent over the subsidiary's Wednesday closing price of HK$119.
The deal is expected to cost HSBC about HK$106 billion, or about US$14 billion, in cash payments, according to the bank's statement.
