A buyer associated with the family behind Ningbo Tuopu Group has purchased a luxury villa in Hong Kong's Tai Po district for HK$145.6 million.
Key facts
- •The villa is located at 7 Lucca Avenue in the Tai Po area of Hong Kong.
- •The purchase price was HK$145.6 million, equivalent to US$18.5 million.
- •The property spans 5,281 square feet of saleable area.
- •Wu Xiaoming, a director at Mecca International Holding (Hong Kong), is the buyer.
- •Wu Jianshu, chairman of Ningbo Tuopu Group, was previously the head of the buying firm.
A buyer linked to the family behind the Ningbo Tuopu Group has acquired a luxury villa in Hong Kong's Tai Po area for HK$145.6 million, or approximately US$18.5 million. Land Registry records indicate the purchase of the property at Villa Lucca was finalized on July 17.
By the numbers
Property Details
The acquired residence is a four-bedroom stand-alone garden house located at 7 Lucca Avenue. It features a saleable area of 5,281 square feet, resulting in a purchase price of HK$27,571 per square foot.
Buyer Background
The buyer, Wu Xiaoming, is a director of Mecca International Holding (Hong Kong). Records from the Companies Registry show that Wu Xiaoming replaced Wu Jianshu, the chairman of Ningbo Tuopu Group, as the first-named director of the firm in 2018. Wu Jianshu is recognized as the wealthiest individual in Ningbo, with a fortune estimated at 77 billion yuan, or US$11.4 billion.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
