Late HK tycoon Cheng Yu-tung’s family home burgled for second time in two years

18-May-2018 Intellasia | South China Morning Post | 6:00 AM Print This Post

The luxury home owned by the family of late property tycoon Cheng Yu-tung was burgled for the second time in two years on Thursday morning.

A police spokeswoman confirmed that the force received a report from a woman at 5.46am saying there had been a burglary at 12 Repulse Bay Road, and that some jewellery, including gold items, was missing.

The value of the stolen items was still being calculated, the spokeswoman said.

The Post understands that the family was not at the residence at the time.

No arrests had been made by Thursday afternoon.

The property, known as Estrellita, is on the side of the 433-metre Violet Hill. It has its own outdoor tennis court and swimming pool on the hillside.

After examining CCTV footage, officers suspected at least one intruder had entered the complex by scaling the pool’s surrounding wall. A burglar then entered an unoccupied main bedroom, a storeroom and a helper’s bedroom and took some items.

A police source said a housekeeper reported the case after she found a window on the first floor had been prized open.

“A wardrobe in the room was also levered [open]. No one was injured,” the source said.

The house was also burgled on August 8, 2016. During that break-in, four or five 15cm gold statues were stolen from an unoccupied guest room.

Cheng Yu-tung, who founded real estate investment firm New World Development and jewellery chain Chow Tai Fook, was in 2016 ranked the third-richest person in Hong Kong and 58th in the world by Forbes, with a net worth of $16.5 billion. He died in September 2016.

His son, Henry Cheng, 71, is currently ranked Hong Kong’s 49th richest person, with a net worth of $1.3 billion. The Cheng family’s net worth amounts to $22.5 billion. It is ranked third in Hong Kong and eighth in Asia.


Category: Hong Kong

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