G.E.M. Acquires Luxury Hong Kong Duplex Amid Property Market Slump
Cantopop singer G.E.M., also known as Gloria Tang Tze-kei, has purchased two adjacent flats in Leon Court, Wan Chai, for a combined HK$85 million (US$10.9 million), capitalizing on a 35% drop from peak prices three years ago. According to the Hong Kong Land Registry, the transactions were completed in early March under her legal name Tang Sze-wing. The units, merged into a duplex by a previous owner, total 2,480 sq ft and were acquired at a notable discount compared to a 2022 sale of a higher-floor unit in the same building for HK$65 million.
G.E.M. joins a wave of celebrities investing in Hong Kong real estate amid declining prices. Stars such as Stephen Chow and Andy Lau have also seen rateable values of their properties rise in 2025. The purchases reflect a growing trend of high-profile individuals turning to property amid market weakness and rental value resilience. As Hong Kong’s lived-in home prices remain near an eight-year low, celebrities are finding long-term value in well-located assets like those near Wong Nai Chung Gap Road.
