Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market.
Prince, who oversees the US$100 billion of assets under management at Bridgewater Associates, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s Mansions on Kadoorie Avenue in Ho Man Tin.
The sale of the display unit, jointly developed by Sino Land and CLP Group, was transacted on July 23, according to Land Registry records.
“It’s a really nice neighbourhood,” Prince said during a November 16 interview with the Post, without disclosing the price or location of his purchase. “The apartment we got was furnished, [because] there was no possibility from the United States that we would have been able to decorate it. They did a beautiful job, so we’re fortunate.”
Kadoorie Hill in Ho Man Tin is one of the most expensive luxury residential lots in Kowloon, with low-density houses in the area. It is home to local celebrities like actor Andy Lau, Cantopop star Kelly Chen Wai-lam and Michelle Reis.
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