Hong Kong tycoon Joseph Lau’s kin sell Mid-Levels flat for US$12.8 million

South China Morning PostEN 1 min read 100% complete by Cheryl ArcibalFebruary 12, 2026 at 07:30 AM

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The son and former partner of Hong Kong tycoon Joseph Lau Luen-hung sold a luxury three-bedroom flat in Mid-Levels for HK$100 million (US$12.8 million) on Tuesday. Lau Ming-wai, the tycoon's eldest son, and Lui Pui-lam, also known as Yvonne Lui Lai-kwan, were the directors of Mainfair Investment, the company that owned the 1,948 sq ft property at The Albany. Mainfair Investment had purchased the flat in May 2008 for HK$60.6 million, resulting in a profit of approximately HK$40 million from the sale to Dragon Mind International. The transaction, valuing the property at HK$51,335 per square foot, is notable for generating a profit, indicating a potential stabilization in Hong Kong's luxury property market.

Key Entities & Roles

Key Player Opposition Context

Yvonne Lui Lai-kwan 70% Dragon Mind International 70% Mainfair Investment ×280% Lau Ming-wai ×280% Mid-Levels 90% Joseph Lau Luen-hung ×2100% Hong Kong ×2100%

Keywords

property sale 90% luxury home 80% mid-levels 70% hong kong 60% joseph lau 60% real estate 50% property market 50% profit 40%

Sentiment Analysis

Positive

Score: 0.20

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Source

South China Morning Post

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis.

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property sale luxury home mid-levels hong kong joseph lau real estate property market profit

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