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Buyer linked to Ningbo’s richest family purchases Hong Kong trophy home for US$18.5m
['Peggy Ye']
South China Morning Post
A buyer linked to the family behind Ningbo Tuopu Group has acquired a luxury villa in Hong Kong’s Tai Po area for HK$145.6 million (US$18.5 million), adding to signs of fresh mainland Chinese wealth making its way into the city’s high-end residential market.
Wu Xiaoming agreed to buy a home at Villa Lucca, 7 Lucca Avenue, on July 17 under an off-plan agreement for sale and purchase, Land Registry records showed.
Wu is a director of Mecca International Holding (Hong Kong), according to Companies Registry records.
Wu Xiaoming was appointed a director of the Hong Kong company in 2018, replacing Wu Jianshu as the first-named director, records showed.
The transaction adds another link between Ningbo capital and Hong Kong property.