Jacky Cheung and May Lo’s US$55 million Repulse Bay apartment: the Hong Kong celebrity couple is selling their former home for almost 10 times more – but what other properties do they own?

Jul 9 , 2021

Singer Jacky Cheung’s luxury duplex in The Somerset in Repulse Bay, up for sale at HK$430 million, is just one of five properties he owns in the city. Photos: @dreampixels_hk/Instagram, hongkongcard.com, SCMP Archives

When you’re dubbed the “God of Songs” and one of the “Four Heavenly Kings of Canto-pop” (along with fellow crooners Leon Lai, Andy Lau and Aaron Kwok), the world is your oyster – or Hong Kong is, at least.

Jacky Cheung, Leon Lai, Andy Lau and Aaron Kwok – more affectionately known as The Four Heavenly Kings – in their heyday. Photo: @andysunwan/Instagram

Jacky Cheung, 60, might be one of the city’s pop culture icons, but today his portfolio extends from the film and music industry to property, thanks to a number of shrewd investments.

7 biggest snubs at the Hong Kong Film Awards ever

Jacky Cheung in a recent photo shoot. Photo: @fridayomusic/Instagram

This was recently highlighted when his luxury duplex at The Somerset in Repulse Bay was reportedly put up for sale on June 29. The flat that Cheung and his wife – former Hong Kong actress May Lo – are selling, was originally two separate units and is 4,655 sq ft. The couple bought the first unit in 1993 and the second in 2004, for a total of US$5.7 million (HK$46.3 million).

5 top Sandra Ng films: Golden Chicken to voicing McDull’s mum

The selling price of this property today is US$55 million (HK$430 million). Yes, more than nine times their purchase price. The flat comes with four parking spaces and the building has a shared swimming pool and playground.

The Somerset building in Repulse Bay on the back of Hong Kong Island. Photo: hongkongcard.com

The couple has already moved into their new home, which is the reason they are selling this duplex that they, along with their daughters – Zoe, 20 and Zie, 15 – have lived in since it was refurbished.

Actress, singer, investor, CEO, mother: Gigi Lai’s fabulous life

The Somerset is located in Repulse Bay, an area known to have some of Hong Kong’s most expensive properties – which is to say, some of the world’s most expensive. Though it welcomed its first occupants in the early 1980s, the selling price for a three-room unit is around HK$95.8 million. Renting the same unit can cost a cool HK$189,000 per month. Needless to say, it’s a lavish address.

Repulse Bay is one of the world’s most expensive residential areas. Photo: The Repulse Bay/Facebook

The “God of Songs”, or as some are calling him now, “God of Property”, is said to own at least five units there. The total market value of his portfolio is around HK$800 million. All the property he owns is rented out, excepting the one his family lives in, earning him at least HK$1 million every month.

5 things about Hong Kong’s favourite bad boy Nicholas Tse as he turns 40

Jacky Cheung has been one of Hong Kong’s heartthrobs since the 1990s. Photo:@zoelulu_louisa/Instagram

Forbes included him in their list of richest Chinese stars in 2017. Fan Bingbing topped that list with 300 million yuan, with Cheung at No 57, with an estimated net worth of 120 million yuan. His net worth is certainly much greater than that now.

Giving thanks: 6 female stars share the simple things they love about life

Jacky Cheung made a guest appearance at a concert by Karen Mok in June 2021. Photo: @ilcolpopgroup/Instagram

His other properties are said to be a penthouse in Repulse Bay, a flat in Elm Tree Towers at Jardine’s Lookout, and two units in Paramount Building in Chai Wan, which is industrial and non-residential. The industrial units were priced at HK$13.8 million when he bought them in 2017.

The outside of Elm Tree Towers at Jardine’s Lookout. Photo: kerryprops.com

A unit in Elm Tree Towers sells for about HK$42.5 million, with a monthly rent of HK$70,000, while a penthouse in Repulse Bay could go for up to HK$178 million.

A bird’s-eye view of Repulse Bay Beach. Photo: @dreampixels_hk/Instagram

Cheung has been investing in properties since the early 1990s. Though there have been reports that he was bankrupt at one time, due to an investment linked to Lehman Brothers, he reportedly always paid in cash for his properties. His wife, Lo, is the one who manages his property portfolio.

Want more stories like this? Sign up here. Follow STYLE on Facebook, Instagram, YouTube and Twitter.

Hong Kong property

One of Hong Kong’s ‘Four Heavenly Kings of Cantopop’ alongside Andy Lau, Leon Lai and Aaron Kwok, Jacky Cheung rakes in millions from his property portfolio
He was No 57 on Forbes’ list of richest Chinese stars in 2017 with US$18.5 million – Fan Bingbing was No 1 – and owns lucrative property in Jardine’s Lookout