HONG KONG, June 13 -- Jennifer Tzelee Teo, the Singaporean citizen married to Hillhouse Capital founder Zhang Lei, has paid HK$562.6 million, the equivalent of 72 million United States dollars, for The Round House at 14 Shek O Road, formalising one of the largest single Hong Kong residential property transactions of the year and admitting another mainland-Chinese-rooted, Singapore-passported buyer into the city's most exclusive vetted residential enclave. The 1930s-built circular mansion, long the family home of the late Wheelock and Company chairman John Marden and subsequently held by his philanthropist widow Anne Marden until her death in 2022, has become the marquee transaction of the post-2024 Hong Kong luxury-property recovery.

The...