Taiwan shipping tycoon buys HK$260 million luxury home in Hong Kong
The Chen family is no stranger to luxury mansions
[HONG KONG] A Taiwanese shipping family has bought a luxury mansion in Hong Kong for HK$260 million (S$44.1 million), marking the second-largest new home sale in the Asian financial hub this year.
The Chen family of TS Lines purchased the property at the One Stanley project with British Virgin Islands vehicle Maritime Legacy, according to a land registry filing.
The house, which has five suites, a swimming pool and a private elevator, spans 5,329 square feet on the southern coast of Hong Kong Island.
Maritime Legacy is a controlling shareholder of TS Lines, which listed in an initial public offering in November.
The vehicle is owned by companies of four Chen family members: TS Lines founder Chen Teh-Sheng, his wife Chuang Chuang-Li, their son James and daughter Christy, the initial public offering (IPO) prospectus showed.
TS Lines raised US$135 million in the offering in Hong Kong, with a unit of Hutchison Port Holdings as one of its cornerstone investors. Chen started TS Lines in 2001, building it into a business that ships freight around the world and generated US$1.3 billion in revenue last year.
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The family is no stranger to luxury mansions. Chen bought at least three homes at the Palace, a high-end project in the heart of Taipei in 2015, according to local media reports.
Representatives of TS Lines and K&K Property Holdings, the developer of One Stanley, did not respond to requests for comment.
Hong Kong has seen improving sentiment in the luxury housing market, helped by the removal of property curbs last year.
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On Saturday, a new home at 138 Pok Fu Lam Road was sold for HK$300 million, topping the Chen family’s purchase as the largest transaction in 2025. In the second-hand market, a house in the Repulse Bay area was sold for HK$480 million last month.
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