Li Zhu's Lavish Purchase

March 31, 2025 – In a stunning real estate move that’s captured attention, Li Zhu, the founding partner of Innoangel Fund, has officially acquired a lavish four-bedroom duplex unit in the prestigious Victoria Harbour II complex in North Point. The jaw-dropping deal reportedly closed at HK$62.77 million, which breaks down to an astonishing HK$42,300 per square foot!

Details of the Luxurious Unit

This impressive purchase encompasses Unit A on the 16th floor of Block 1, complete with its very own parking space. What does this luxury lifestyle offer? The unit itself spans an ample practical area of 1,484 square feet, featuring not just four spacious bedrooms equipped with ensuite bathrooms, but also a dedicated study and a private elevator lobby—truly a mark of modern opulence!

Bidding Process and Ownership

The acquisition was facilitated through an intriguing bidding process requiring the buyer to fork over 10% of the purchase price in the first 90 days, with the remaining amount due over the next 270 days. Zhu officially secured the property under “INTELLIGENT PINNACLE LIMITED,” a company he directs, linking him directly to Innoangel Fund, which emphasizes his influence not only in finance but now also in real estate.

Innoangel Fund's Background

Established back in April 2013, Innoangel Fund has built a robust entrepreneurial ecosystem, heavily supported by alumni of Tsinghua University. The fund has invested in over 500 innovative ventures, managing billions of yuan in assets. Among its notable achievements include backing renowned companies such as Yoozoo and Meituan, as well as a multitude of emerging tech firms.

Market Trends in Victoria Harbour

Interestingly, the real estate landscape in Victoria Harbour doesn’t stop at Zhu’s new acquisition. Current listings on the platform Squarefoot reveal six similar four-bedroom units in the earlier phase of Victoria Harbour with saleable areas between 1,540 and 1,599 square feet. Their asking prices range from HK$70 million to HK$98 million, translating to price per square foot rates from HK$45,455 to HK$61,288.

Conclusion

Could this upscale trend be setting a precedent for luxury real estate in Hong Kong? Only time will tell, but one thing is certain: Li Zhu’s latest investment is making headlines, and the luxury property market is heating up! Stay tuned for more updates on this developing story!