Singapore property clan puts rare Hong Kong estate up for US$38.4 million tender

South China Morning PostEN 1 min read 100% complete by Peggy YeMarch 10, 2026 at 01:30 AM

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A Singaporean property family, the Cheungs, is selling their Hong Kong residential estate, Belvedere, via tender for US$38.4 million. The tender, managed by JLL, closes on April 28th. Located in the Southern district of Chung Hom Kok, the seafront property includes five two-story houses on a 21,170 sq ft site. The estate, held by Remadour Estate since 1993, is being sold "as-is" with existing tenancies. The sale tests the luxury housing market in Hong Kong, which shows signs of recovery despite soft prices. The Cheung family's wealth originates from Cheung Yik-chong, a Singaporean entrepreneur in jewellery and property.

Key Entities & Roles

Key Player Opposition Context

E. Tung Construction 50% Wah Ha Realty 50% Aik San Realty 50% JLL 60% Cheung Yik-chong 60% Cheung Kee Wee 70% Cheung Lin Wee 70% Eric Cheung Ying Wai 70% Singapore ×270% Cheung family ×280% Hong Kong ×290%

Keywords

property tender 90% hong kong 80% luxury housing market 70% residential estate 70% singapore property clan 60% trophy homes 50% real estate 50% southern district 40%

Sentiment Analysis

Neutral

Score: 0.10

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Source

South China Morning Post

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90%

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property tender hong kong luxury housing market residential estate singapore property clan trophy homes real estate southern district

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