Hang Seng Bank CEO buys HK$26.6 million flat as Hong Kong home prices edge higher

Diana Ferreira Cesar, CEO of Hang Seng Bank, recently purchased a luxury apartment in Hong Kong's Tai Hang district for HK$26.6 million, reflecting growing confidence among financial executives in the city's property market recovery.

The transaction highlights a trend of high-value residential purchases by financiers that has pushed Hong Kong's residential property prices to a five-month high. Cesar's acquisition of the 1,193 square foot unit at Flora Garden demonstrates the banking sector's renewed optimism about the local real estate market.

• Cesar paid HK$22,322 per square foot for her Flora Garden apartment, slightly above recent comparable sales
• The purchase reflects a broader pattern of wealthy investors and financial executives investing in Hong Kong residential property
• Hong Kong's lived-in home prices have reached their highest level in five months due to increased high-value transactions
• Flora Garden, completed in 1987, is a prestigious development comprising 240 units across three buildings