Technology venture capital invests 73.53 million yuan to sweep Tsim Sha Tsui's Yuyi shopping mall, leading to a surge in celebrity investment in Hong Kong's real estate market

1、 73.53 million yuan sweep 12 groups, precise layout of Tsim Sha Tsui core

The 12 units purchased by Zhong Yongliang this time are mainly distributed on the 2nd and 3rd floors of Yuyi, with a one bedroom layout, including 10 one bedroom units, 1 one bedroom unit with storage, and 1 two bedroom unit. The practical area ranges from 274 to 435 square feet, with a single transaction price of 5.269 million to 10.455 million Hong Kong dollars, and a price per square foot of approximately 18300 to 24000 Hong Kong dollars. Among them, 9 are characteristic units with a platform on the second floor, providing additional space ranging from 42 to 129 square feet, with both self occupied and rental value.

As a single boutique residential building created by Chinachem Group, Yuyi is the only new residential project in Tsim Sha Tsui in the past five years. It is about a 1-minute walk to Jordan MTR Station and a 5-minute walk to West Kowloon High Speed Rail Station, with the advantage of a dual rail hub. There are a total of 164 units in the project, mainly small-sized apartments. In mid March, 160 units were sold out on the same day, exceeding the subscription by 31.9 times, and the proportion of investment customers exceeded 50%. Zhong Yongliang registered 12 groups of sweeping goods in his personal name, becoming the most eye-catching buyer in the audience, highlighting his firm confidence in the core area assets.

2、 Two years of consecutive purchases of 21 companies, venture capitalists become regulars in the real estate market

This is not the first time that Zhong Yongliang has purchased properties in Hong Kong. In recent years, he has become a frequent visitor to the new property market, with a dense and precise investment rhythm. Starting from 2024, he focused on high-quality new properties on Hong Kong Island and spent HKD 33.399 million that year to purchase five units at One Jardine's Lookout in Happy Valley; From 2025 to 2026, we will continue to increase our holdings in the project by adding 4 units, with a total of 9 companies involved in the investment of HKD 65.05 million. In less than two years, Zhong Yongliang has invested nearly HKD 139 million in the Hong Kong real estate market and purchased 21 residential units, forming a core investment portfolio covering Tsim Sha Tsui and Happy Valley.

As the core venture capitalist of Lalamove, Zhong Yongliang's intensive entry into the market is not only due to the wealth accumulation of technology entrepreneurship, but also in line with its investment logic of "core area+small apartment+high rental return". Happy Valley and Tsim Sha Tsui are both traditional luxury residential areas in Hong Kong with strong rental demand. The monthly rent for a one bedroom unit can reach HKD 15000 to HKD 18000, with a rental return rate of over 4%, combining the advantages of value preservation and cash flow. The quasi real estate property (Yuyi expects to move in in September 2026) further shortens the return cycle, which is in line with its stable investment preference.

3、 Celebrities flock to the market, accelerating the recovery of Hong Kong's real estate market

Zhong Yongliang's extravagant purchases are a microcosm of the "celebrity shopping frenzy" in the Hong Kong real estate market in 2026. Since the beginning of this year, the new housing market in Hong Kong has continued to be hot, with 6300 new housing transactions and a total amount of HKD 62.8 billion in the first quarter, up 38% and 94% respectively year-on-year, reaching a new high in the same period of 2013. The activity of large-scale customers (purchasing multiple sets for a single project) has soared, with 265 large-scale transactions involving 695 units and a total amount of HKD 7.13 billion recorded in the first quarter, accounting for over 10% of the overall transaction volume.

In addition to the tech nouveau riche, the Eagle Lord Luo Jiarui family, mainland tycoons, and others have also invested tens of millions to hundreds of millions to sweep popular new properties such as Kai Tak, Yau Tong, and the southern coast of Hong Kong Island. The four major factors of scarce supply, declining interest rates, capital inflows from mainland China, and a rebound in leasing demand resonate, driving new developments in the core area to become asset safe havens. The intensive entry of celebrities such as Zhong Yongliang into the market further strengthens market confidence, and small-sized, high return, and core area projects continue to be popular.