Swire Pacific’s chairman purchases Hong Kong luxury home for $6.4M amid signs of market recovery

By Hien Nguyen September 29, 2025 | 12:14 am PT

A general view of Two International Finance Centre (IFC), HSBC headquarters and Bank of China in Hong Kong, China, July 13, 2021. Photo by Reuters

Guy Bradley, chairman of conglomerate Swire Pacific, has bought a luxury home in Hong Kong for HK$50 million (US$6.4 million) as the city’s residential property market shows signs of recovery.

Located at Stanley Beach Road in the Southern District, the luxury residence spans 2,832 square feet, translating to about HK$17,655 per square foot (US$24,430 per square meter), The Standard reported, citing real estate agency Midland Realty.

Swire Pacific, which Bradley chairs, controls Cathay Pacific Airways and Swire Properties, one of Hong Kong’s oldest and biggest developers of high-end homes and grade A offices.

Midland Realty said in a statement on Sunday that Bradley "had been searching for an investment on Hong Kong Island because he remains optimistic about the outlook for the luxury residential property sector," as cited by the South China Morning Post.

His purchase coincides with signs of recovery in the city’s housing sector. Prices of lived-in homes rose for the fourth consecutive month in July, lifting overall values by 1.05% since April to a seven-month high, according to Reuters.

Around 5,291 homes were transacted in August, down 8.2% from July but still 44.8% higher than a year earlier. The value of these transactions totaled HK$42.2 billion, easing 8.9% month-on-month yet climbing 48.2% from the same period last year.

Midland said "significant capital" has been streaming into Hong Kong’s premium housing sector as investor sentiment toward the market improves.

Bradley joins a list of wealthy investors who have snapped up homes in the city in recent months, including Francis Yuen Tin-fan, former CEO of the Hong Kong stock exchange, and David Wraight, managing director at investment bank Morgan Stanley.

Yuen and his wife, Rose Lee Wai-mun, spent a total of HK$92 million on two luxury apartments at The Knightsbridge in Kai Tak within a two-month span.

Wraight, meanwhile, bought two upscale flats in the Deep Water Pavilia development in Wong Chuk Hang for HK$147.3 million. His acquisition followed a June report by Morgan Stanley predicting a four-to-five-year growth cycle for Hong Kong’s property market, with a rebound expected in the latter half of the year.