Hong Kong Businesswoman Pansy Ho Buys Asia’s Second Most Expensive Mansion

The mansion is situated within an exclusive Hong Kong area. It’s thought that it occupies 5,579 square feet at 28 Gough Hill Road on The Peak, known to be the maximum mountain in the Hong Kong Island and among the most exclusive areas to buy a home. Land Registry data published earlier this week additionally shows that the property comprises 7,489 square feet of garden and swimming pool.

House 3, since the property is identified, is thought to have been sold for HK$161,319 per square foot, which makes it the second most expensive home in Asia. The top spot is inhabited by a 9,212-square-foot mansion at 15 Gough Hill Road that was bought by businessman Chen Hong Tian to get HK$182,370 per square foot back in 2016.

According to Land Registry information, personal company Smart Richest International has just bought the House 3 mansion. They are also directors at Shun Tak Holdings, a helicopter and ferry operator providing service between Hong Kong and Macau. The company was launched in 1999 and has many different operations. Ms. Ho acts as Chairwoman and Executive Director of Shun Tak Holdings.

According to analyst Denis Ma, Head of JLL’s Hong Kong branch, the hefty price for Ms. Ho’s new strength was actually in line with current market trends along with other Peak mansions.

Who is Pansy Ho?

Ms. Ho is your oldest of five kids of self-made billionaire and Macau casino business heritage father Stanley Ho and his next spouse Lam King Yin. Ms. Ho obtained her high school and higher education in the United States where she studied business and marketing.

Back in the 1980s, she had a brief career as an actress, but shifted her ambitions soon after to begin pursuing a career as a businesswoman. As stated above, the 55-year-old magnate is the Chairwoman of Shun Tak Holdings, which operates in numerous disciplines.

She is also a major shareholder in MGM China, the Macau arm of hospitality and casino giant MGM Resorts International. Ms. Ho is sister of another gaming tycoon, Lawrence Ho, whose Melco Resorts & Entertainment operates integrated resorts properties in Macau, the Philippines, and now develops a property in the Republic of Cyprus.

With estimated net worth of about $4.8 billion, Ms. Ho is your 16th richest person in Hong Kong, according to Forbes’ listing of the town ’s wealthiest. She also ranks as town ’s second wealthiest girl, with Pollyanna Chu Yuet Wah of Kingston Financial Group topping that ranking with estimated riches of about $12 billion.