Core Viewpoint - A tragic incident occurred at the luxury property located at 1 Peak Road, where a 31-year-old Filipino maid committed suicide, leading to the property being classified as a "haunted house" and potentially becoming the most expensive haunted house in Hong Kong [1]. Group 1: Property Details - The property at 1 Peak Road, completed in February 2006, has a land area of approximately 14,000 square feet (about 1,300.6 square meters) and a usable area of 5,642 square feet (about 524.24 square meters) [3]. - The current owner of the property is Zhang Songqiao, known as the "Chongqing Li Ka-shing," who purchased it in 2004 for HKD 138 million, with a floor price of HKD 19,714 per square foot [5]. - The estimated market value of the property exceeds HKD 560 million, based on similar properties in the area that command prices over HKD 100,000 per square foot [5]. Group 2: Owner Background - Zhang Songqiao, aged 61, is originally from Chongqing and has been a permanent resident of Hong Kong since he moved there at the age of 16. He is involved in real estate development and other businesses, and is the chairman of two listed companies, Zhongyu Land and Hong Kong Tong Holdings [5][6]. - His personal wealth is estimated at RMB 18.5 billion (over HKD 20 billion), ranking him 1,506th on the 2025 Hurun Global Rich List [6]. Group 3: Historical Context - The property was previously owned by the U.S. Consulate, which sold it during a downturn in the Hong Kong property market between 1981 and 1983 for a total of HKD 120.5 million [6]. - Notably, the property was purchased by renowned martial arts novelist Jin Yong and his wife for HKD 12 million in 1985, and later sold for HKD 196 million in 1996 [9][10].

Core Viewpoint - The tragic incident at the luxury property on Mount Peak Road, previously owned by the famous author Jin Yong, has led to its labeling as "Hong Kong's most expensive haunted house." Despite the typical market trend of a 30%-50% depreciation for properties associated with non-natural deaths, the real estate community predicts that this property will maintain its value due to its unique characteristics and cultural significance [5][11]. Group 1: Property Background - The property, valued at 560 million HKD, was previously owned by the U.S. consulate and purchased by Jin Yong and his wife for 12 million HKD in 1985. It was sold for 196 million HKD in 1996 and later acquired by Zhang Songqiao for 138 million HKD in 2004, who then rebuilt it [5][9]. - The property is distinguished by its cultural legacy and the shadow of the recent tragedy, which creates a dual narrative that may influence its market performance differently than typical haunted properties [5][9]. Group 2: Market Dynamics - The scarcity of land in the Mount Peak area, with no new residential land supply for eight consecutive years, enhances the property's resilience against negative events [9]. - The cultural premium associated with Jin Yong's legacy has significantly increased the property's value, which rose over 15 times during his residence, and even after the 1997 financial crisis, it sold for 11.5 times its original purchase price [9][11]. - Historical data shows that 8 out of 12 luxury haunted property transactions in Hong Kong sold for prices higher than regular residential properties, indicating a unique pricing mechanism in the high-end market [9][11]. Group 3: Wealth Management Strategies - Zhang Songqiao's management of the property exemplifies a strategic approach to brand value, as he has successfully leveraged the property's name for further developments in Chongqing, demonstrating a shift from physical assets to brand IP [10]. - With a net worth of 20 billion HKD, the 560 million HKD property represents only 2.8% of Zhang's total assets, suggesting that individual property events have limited impact on his overall business portfolio [10]. - The common strategy among Hong Kong's wealthy individuals for handling haunted properties includes philanthropic actions, which can transform the asset's perception and value [10]. Group 4: Insights on Luxury Real Estate - The resilience of top-tier luxury properties can be summarized by three key factors: scarcity anchoring value, cultural capital providing a buffer, and diversified asset allocation mitigating risks [11]. - In the luxury real estate market, traditional notions of haunted property depreciation need to be redefined, as these transactions often represent not just real estate but also social capital and status [11].

Core Viewpoint - The article discusses a tragic incident involving a Filipino domestic worker who committed suicide in a luxury residence located at 1 Peak Road, Hong Kong, which is now considered the most expensive haunted house in the city due to the incident [3]. Group 1: Incident Details - The incident occurred on October 8 at 7:35 AM, involving a 31-year-old Filipino domestic worker [3]. - The property is owned by Zhang Songqiao, known as the "Chongqing Li Ka-shing," who is a prominent real estate developer in Hong Kong [3][5]. Group 2: Property History - The property at 1 Peak Road was previously owned by the U.S. Consulate, which sold it during a market downturn between 1981 and 1983 for a total of HKD 120.5 million [6]. - In 1985, the property was purchased by the famous martial arts novelist Jin Yong (Louis Cha) and his wife for HKD 12 million, and they lived there for 11 years before selling it for HKD 196 million in 1996 [8].