Tracy Ip, the former Miss Hong Kong 2005, has made a significant move in the property market, purchasing a 605-square-foot, two-bedroom unit at Fleur Pavilia in North Point for HK$12.25 million. This purchase comes with an interesting backstory, as the previous owner sold at a loss, having originally bought the property for HK$18.24 million in 2018. This results in a paper loss of HK$5.99 million after an eight-year holding period. Ip's interest in property investment is evident, as she already owns multiple properties in the Eastern District. In May, she sold a 422-square-foot unit at Viking Garden, also in North Point, for HK$7 million, realizing a paper gain of HK$810,000 after holding the property for nearly a decade. This strategic move showcases Ip's acumen in the property market, as she has successfully navigated the market's fluctuations and made a profit from her investments. The fact that she is a former beauty queen adds a layer of intrigue to her property ventures, suggesting that she may have a unique perspective on the market and its potential. As Ip continues to expand her property portfolio, it will be fascinating to see how she leverages her expertise and connections to further her investments. Her success in the property market could inspire others to explore similar opportunities, especially in a dynamic and competitive market like Hong Kong's.
