Nine Dragons Paper Chairman Zhang Yin spends 164 million yuan to purchase a four-bedroom mansion at The Tianyu in West Mid-Levels, Hong Kong

NightAirdropper · 2026-04-03T05:21:12+00:00

Nine Dragons Paper Industries Chairman Zhang Yin purchased a four-bedroom mansion in Mid-Levels West, Hong Kong, for HKD 164 million, setting a new transaction high for the period. The unit has a practical area of 2,773 square feet, with an effective price per square foot of approximately HKD 59,390. According to the latest tax policies, Zhang Yin is required to pay about HKD 10.7 million in taxes.

NightAirdropper

2026-04-03 05:21:12

Abstract generation in progress

**Opinion Network News: **On April 2, according to local media reports, Zhang Yin, chairman of Nine Dragons Paper, paid more than HK$164 million to purchase a four-bedroom villa at Yuen Long Zhaifu Road, Phase 2, in West Half Mountain, Hong Kong, at a record-high price, including a parking space. The transaction price set a new high for the standard units in that phase.

According to information, the unit is Unit B on the mid-to-high floor of Tower 1 of THE LEGACY Phase 2, with a usable area of 2,773 sq ft. It is arranged as four bedrooms and four suites, translating to an estimated usable area price of about HK$59,390 per sq ft. The registered buyer is PACIFIC RESIDENCES LIMITED. The company’s shareholders and directors are all Zhang Yin.

The information shows that THE LEGACY has officially been approved for occupation permits and completed delivery as of March 8, 2024, and it is currently in a brand-new property sales state. Based on estimates under Hong Kong’s latest luxury home stamp duty tax policy, Zhang Yin would need to pay about HK$10.7 million in taxes for this transaction.

Disclaimer: The content and data in this article have been compiled by Opinion based on publicly available information and do not constitute investment advice. Please verify before use.

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