Hong Kong actor Chow Yun-fat has sold a Mid-Levels apartment after more than 30 years of ownership, realizing a gain of approximately 91 percent amid a broader rebound in the city’s secondary property market. The 541-square-foot, three-bedroom unit at Corona Tower changed hands for HK$7.5 million, or around HK$13,863 per square foot, according to Land Registry records. The sale agreement was signed on February 11 and registered on March 11.

Chow initially acquired the property in May 1995 for HK$3.92 million through a corporate entity, Chow Yun Fat Co, whose directors include his wife, Tan Hui-lian. The transaction generated a profit of about HK$3.58 million for the actor, marking his first official residential sale in nearly 16 years.

The flat was first listed in 2024 with an asking price of HK$8.99 million but was withdrawn before being reintroduced to the market with a reduced price. The final sale price reflected a 16.6 percent markdown from the initial listing. This pricing strategy aligns with previous moves by Chow, who reduced the asking price of a Sunshine Villa property on The Peak from HK$220 million to HK$190 million by 2024; however, no sale has yet been recorded for that unit.

Known internationally for his roles in Hollywood films such as the Oscar-winning "Crouching Tiger, Hidden Dragon," the 70-year-old actor reportedly owns multiple properties across Hong Kong, including in The Peak, Kowloon Tong, Prince Edward, and Sai Kung.

Chow’s recent transaction underscores the ongoing recovery in Hong Kong’s housing market, particularly in the secondary sector. Despite external uncertainties, the real estate market has gained momentum, supported by a stronger yuan and rising property values, attracting steady interest from both local and mainland buyers.

According to Midland Realty, around 14,600 second-hand residential deals were completed in the first quarter of 2026, marking a more than 40 percent increase compared to the same period last year and the highest first-quarter volume in five years. The Midland Property Price Index also showed that secondary home prices rose by over 4.5 percent during the quarter, reaching nearly a three-year peak. Rental rates increased by 1.06 percent, the largest first-quarter gain in eight years, indicating robust demand for housing in the city.