Tracy Ip Buys North Point Home for HK$12.25m
Thestandard · 1 SOURCESabout 15 hours ago2 MIN
Summary
Former TVB actress Tracy Ip Chui-chui, who won Miss Hong Kong in 2005, has purchased a two-bedroom flat at Fleur Pavilia in North Point for HK$12.25 million . The unit measures 605 square feet, and the transaction shows that the previous owner sold below the 2018 purchase price of HK$18.24 million . That means the seller recorded a paper loss of HK$5.99 million after an eight-year holding period . The purchase adds to Ip’s property exposure in Hong Kong’s Eastern District, where she is already known to hold multiple units .
Key Points
- Tracy Ip Chui-chui bought a 605-square-foot, two-bedroom Fleur Pavilia unit in North Point for HK$12.25 million .
- The previous owner had purchased the same property for HK$18.24 million in 2018, before selling at a lower price .
- Based on the transaction figures, the seller incurred a paper loss of HK$5.99 million after holding the unit for eight years .
- Ip is described as a property investment enthusiast and already owns multiple properties in Hong Kong Island’s Eastern District .
- In May, she sold a 422-square-foot Viking Garden flat in North Point for HK$7 million, earning a paper gain of HK$810,000 .
Why It Matters
The transaction reflects continued price pressure in parts of Hong Kong’s residential market, with some owners still selling at notable losses compared with peak-era purchases . At the same time, Ip’s activity suggests buyers with local market familiarity remain willing to reallocate within established urban districts such as North Point and the wider Eastern District .