“The Hong Kong one is for all my meetings, and the New York one is for when it gets so hot in the summertime”
Alibaba’s Jack Ma may be the hero of Hangzhou, but following his company’s $25 billion IPO last year, the Chinese tech giant appears to have picked up a pied-a-terre in Hong Kong.
Ma is reported by the South China Morning Post to have recently paid HK$1.5 billion ($193 million) for a 9,000 square foot (836 square metre) home at 22 Barker Road on Victoria Peak.
At a reported HK$151,653 ($19,553) per square foot the former school teacher would now own what is said to be the world’s second most expensive home on a per square foot basis, and one of the priciest overall in Hong Kong.
Tech Guys Trade a Peak Home
22 Barker Road Hong Kong
The four-storey residence was put up for sale by Francis Yuen, the former deputy chairman of Francis Yuen of Hong Kong telecom and technology concern PCCW, who purchased the 70-year-old house in 2000 for HK$163.6 million ($21 million).
The home, which occupies a 33,500 square foot (3113 square metre) site, was formerly the home of the Belgian consul, and is just down the street from the current US consul’s residence. The property has a 20,000 square foot garden and 270-degree views of Victoria Harbour.
Should the transaction be confirmed, it would be the second major home purchase by Ma this year, after he purchased a 28,100 acre estate in upstate New York that formerly belonged to the Rockefeller family.
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