Former Miss HK Tracy Ip Scores 33% Discount on North Point Flat
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
Former Miss Hong Kong Tracy Ip Chui Chui, now known as Ip Hei Tung, has purchased a two-bedroom unit at Fleur Pavilia in North Point for HK$12.25 million, securing a 33% discount from the original 2018 purchase price . The 605-square-foot flat was sold by the previous owner at a loss of nearly HK$6 million after eight years . Ip reportedly spent HK$100,000 on a name change to boost her husband's career and her own fortune .
Key Points
- Ip purchased a 605 sq ft two-bedroom unit at Fleur Pavilia Tower 2, mid-floor Flat C for HK$12.25 million, at HK$20,248 per square foot .
- The previous owner bought the flat for HK$18.24 million in 2018, suffering an 8-year paper loss of nearly HK$6 million, or over 30% depreciation .
- Ip's new name "Ip Hei Tung" was chosen for HK$100,000 with feng shui guidance, believed to benefit her architect husband Chow Hiu Tung and enhance her own luck .
- Ip and her husband previously bought a HK$69 million 3,000 sq ft standalone house at Redhill Peninsula in Tai Tam in 2019, now worth nearly HK$100 million .
- Ip sold a three-bedroom unit at Venus Garden in Tin Hau for HK$7 million in May this year, making a paper gain of about HK$810,000 after nearly 10 years of ownership .
Why It Matters
Ip's property purchase highlights the ongoing correction in Hong Kong's luxury residential market, where even premium developments like Fleur Pavilia have seen significant price declines from 2018 peaks . Her investment track record reinforces her reputation as "Miss Hong Kong Stock God," demonstrating how celebrities have leveraged property and stock investments to build substantial wealth beyond their entertainment careers .
Ip's property purchase highlights the ongoing correction in Hong Kong's luxury residential market, where even premium developments like Fleur Pavilia have seen significant price declines from 2018 peaks . Her investment track record reinforces her reputation as "Miss Hong Kong Stock God," demonstrating how celebrities have leveraged property and stock investments to build substantial wealth beyond their entertainment careers .