--- title: "Hong Kong movie star Chow Yun Fat fetches $960,000 from selling flat bought over 30 years ago" type: "News" locale: "en" url: "https://longbridge.com/en/news/283496321.md" description: "Hong Kong actor Chow Yun-fat sold a flat for HKD7.5 million (US$960,000), achieving a 91% gain after holding it for over 30 years. The three-bedroom flat was acquired in 1995 for HKD3.92 million. This sale marks Chow's first residential transaction in nearly 16 years. The Hong Kong housing market is showing signs of recovery, with a 40% increase in second-hand transactions in Q1 and a 4.5% rise in secondary home prices. However, recent weeks indicate a slowdown in sales as new developments attract buyers." datetime: "2026-04-21T12:07:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283496321.md) - [en](https://longbridge.com/en/news/283496321.md) - [zh-HK](https://longbridge.com/zh-HK/news/283496321.md) --- # Hong Kong movie star Chow Yun Fat fetches $960,000 from selling flat bought over 30 years ago The three-bedroom flat, spanning 50 square meters at Corona Tower in Central Hong Kong, was acquired at HKD3.92 million in 1995 by a company controlled by the actor’s wife, Tan Hui-lian, according to the _South China Morning Post._ The transaction represents Chow’s first officially recorded residential sale in nearly 16 years. Known locally as "Brother Fat," the actor rose to international prominence in Hollywood, including a starring role in the Oscar-winning film "Crouching Tiger, Hidden Dragon." Hong Kong actor Chow Yun Fat smiles during a press conference at the 28th Busan International Film Festival in Busan, South Korea on October 5, 2023. Photo by AFP The flat was initially listed in 2024 at HKD8.99 million before being briefly withdrawn and later reintroduced to the market. The asking price was reduced by 16.6% prior to the deal being finalized, according to Chinese media reports. This is not the first instance of Chow Yun-fat reducing property prices. A unit at Sunshine Villa on The Peak was listed in 2022 for HKD220 million. The price was later cut to HKD190 million and subsequently revised to HKD195 million in late 2024, according to _The Star._ No transaction has been recorded in the Land Registry to date. The 70-year-old actor is reported to hold eight properties across the city, including in The Peak, Kowloon Tong, Prince Edward and Sai Kung. His latest sale comes as Hong Kong’s housing market regains momentum amid external uncertainties, led by the primary segment. Backed by a firmer Chinese yuan and rising prices, the market continues to draw capital inflows and sustained interest from both local and mainland buyers. Corona Tower in Central Hong Kong. Photo via Google Maps/E. N. Hong Kong brokerage Midland Realty estimated that about 14,600 second-hand residential transactions were completed in the first quarter, representing a rise of more than 40% from a year earlier and the highest first-quarter total in five years. Secondary home prices increased by more than 4.5% during the quarter, marking a near three-year high for the period, while rents rose 1.06%, the largest first-quarter gain in eight years, reflecting robust housing demand, according to the brokerage. However, recent weeks have shown signs of a slowdown in secondary home sales, as developers continue to roll out multiple new projects across the city at competitive prices, diverting buyers from the secondary market to the primary segment. "Improving sentiment has led some homeowners to raise asking prices, making negotiations more difficult for buyers on the secondary market," said Chan Wing-kit, vice-chairman of Centaline Asia-Pacific and president of Centaline Property, as quoted by the _South China Morning Post._ ### Related Stocks - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [03037.HK](https://longbridge.com/en/quote/03037.HK.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) ## Related News & Research - [Chow Yun-fat nets 91% gain on Hong Kong flat after 31 years as prices rebound](https://longbridge.com/en/news/283342402.md) - [ZAWYA: Arada completes construction at Aljada’s Naseej District, as handover of 138 homes at Il Teatro Residences buildings begins](https://longbridge.com/en/news/283304016.md) - [Arada completes handover of 138 homes at Il Teatro Residences](https://longbridge.com/en/news/283429551.md) - [ZAWYA: Madaar Developments launches “The Hillage” with EGP 15bln investment, introducing a new “5-Minute Walking” concept](https://longbridge.com/en/news/283345806.md) - [ZAWYA: SAMANA Developers celebrates major milestone with handover of Samana Santorini](https://longbridge.com/en/news/282849289.md)