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CEO Arnold Lee Buys HK$132M Luxury Flat Amid Market Decline

12/18/2025

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Summary

Story summary

Arnold Lee, CEO of Hecny Group, purchased a luxury flat in The Legacy, Mid-Levels West, Hong Kong, for HK$132 million (US$16.9 million).
The transaction was completed on November 25 and registered on December 16.
The Legacy is a project developed by Henderson Land Development and New World Development.
Government data show larger homes have fallen up to 22.7% since October 2021.

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Story summary

Arnold Lee, CEO of Hecny Group, purchased a luxury flat in The Legacy, Mid-Levels West, Hong Kong, for HK$132 million (US$16.9 million).
The transaction was completed on November 25 and registered on December 16.
The Legacy is a project developed by Henderson Land Development and New World Development.
Government data show larger homes have fallen up to 22.7% since October 2021.