
Property deal follows father's record-setting mansion sale as luxury market shows resilience in Hong Kong
Winnie Law Wing-yin, daughter of Hong Kong businessman Peter Law Kin-sang, has purchased a 4,710 sq ft (438 m²) flat at Tower 2, Phase 1 of The Legacy in Mid-Levels West for HK$355 million (US$45.7 million), according to Land Registry records.
The transaction completed on Tuesday.
The high-end development at 8 Castle Road is a joint venture between Henderson Land Development and New World Development and opened for sales in September.
The project features 172 units including a three-storey penthouse exceeding 12,000 sq ft — the largest newly-launched flat in Hong Kong since 2013 — and smaller units from around 834 sq ft.
The purchase follows Peter Law’s August sale of his mansion at 1 Gough Hill Road for HK$1.088 billion, which set the city’s highest price per square foot this year at approximately HK$95,018 and marked the most expensive property transaction recorded so far in 2025. The Peak-area house spans 11,451 sq ft and includes a substantial garden and rooftop terrace.
Market watchers point to the Mid-Levels transaction as a sign of select demand returning in Hong Kong’s luxury property sector, despite broader market headwinds.
In the first 20 days of October, there were 78 first-hand residential sales priced between HK$30 million and HK$49.99 million, the highest count in ten months, reflecting renewed activity at the top end.
While the broader residential market remains uneven, this acquisition underscores the continued presence of deeply cash-rich buyers and the willingness of leading developers to launch prestige projects underpinned by strong branding and ultra-prime positioning.
The transaction completed on Tuesday.
The high-end development at 8 Castle Road is a joint venture between Henderson Land Development and New World Development and opened for sales in September.
The project features 172 units including a three-storey penthouse exceeding 12,000 sq ft — the largest newly-launched flat in Hong Kong since 2013 — and smaller units from around 834 sq ft.
The purchase follows Peter Law’s August sale of his mansion at 1 Gough Hill Road for HK$1.088 billion, which set the city’s highest price per square foot this year at approximately HK$95,018 and marked the most expensive property transaction recorded so far in 2025. The Peak-area house spans 11,451 sq ft and includes a substantial garden and rooftop terrace.
Market watchers point to the Mid-Levels transaction as a sign of select demand returning in Hong Kong’s luxury property sector, despite broader market headwinds.
In the first 20 days of October, there were 78 first-hand residential sales priced between HK$30 million and HK$49.99 million, the highest count in ten months, reflecting renewed activity at the top end.
While the broader residential market remains uneven, this acquisition underscores the continued presence of deeply cash-rich buyers and the willingness of leading developers to launch prestige projects underpinned by strong branding and ultra-prime positioning.














































