A Tencent executive has paid HK$270 million (US$34.8 million) for a massive duplex in the neighbourhood of Repulse Bay.

James Gordon Mitchell bought the 5,076 sq ft property at 56 Repulse Bay Road, at about 18% less than the owner’s original asking price of HK$328 million.

Mitchell and his wife Joy Hu Lan-Ya are the joint owners of the property, according to Land Registry documents.

He paid HK$53,000 per square foot for the duplex, which comes with a 1,544 sq ft rooftop garden. 

Deep-pocketed buyers from Chinese tech companies, who have made billions from share sales, have been acquiring property in Hong Kong’s wealthy residential enclaves.

Jack Ma, the Chinese billionaire, bought a mansion at 22 Barker Road on The Peak for US$191 million in 2015.

In 2009, Tencent Holding co-founder Pony Ma bought a 8,000 sq ft house – which can be seen from the Dragon’s Back hiking trail above Shek O – from Wah Kwong Shipping’s former chairman George Chao for HK$480 million.

Mitchell, who has been with Tencent since 2011, is responsible for strategic planning and implementation, mergers and acquisitions, investment activities and investor relations.

Source: SCMP

Photo: Roy Issa