Monday, 14 April 2014 11:00

Cecilia Cheung earns $2 million from property transactions

Cecilia Cheung is purportedly planning to sell her Century Tower property next

Cecilia Cheung

Hong Kong actress Cecilia Cheung has reportedly earned a fortune from speculating in real estate.

The 33-year-old had been actively accepting acting projects in a bid to earn money since her split with actor Nicholas Tse, but unfortunately, all her movies suffered from mediocre ticket sales. After reportedly receiving a large amount of alimony, she relocated to Singapore with her two sons, Lucas and Quintus Tse, in late 2013.

Regarding the alimony that she was said to have received, Cecilia proudly clarified that she has “never spent a man’s money”, although her repeated appearances on television programmes seem to hint at the actress’ need for more funds.

However, a tabloid revealed on Saturday that Cecilia has been making risky property transactions for the past ten years and earned a large amount of money from it. Previously, she received HK$13 million (approximately S$2 million) from the sales of six of her properties. She is reportedly considering to sell her Century Tower apartment, where she is currently residing, for HK$1.8 billion (approximately S$28 million).

According to reports, Cecilia had bought the apartment three years ago for the price of HK$1.28 billion (approximately S$20 million), and is planning to sell the property for five times its original price. If she succeeds in this endeavour, she will earn around HK$70 million (approximately S$10 million).

Adding her estimated profits to the money that she has made through speculation, it seems that the actress can well afford to maintain an extravagant lifestyle even without alimony.

Related Articles:
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Cecilia Cheung references Nicholas Tse on her radio show
Cecilia Cheung displeased with paparazzi

Cecilia Cheung

Cecilia Cheung

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