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Clifford Lo

The luxury home of Hong Kong’s third richest man, Cheng Yu-tung, was burgled early Monday in what was a string of high-profile break-ins in the area.
Police were called to Cheng’s residence at 12 Repulse Bay Road just after 6am yesterday after a female house worker detected signs of ransacking.
It is understood the 90-year-old Cheng, founder of real estate investment firm New World Development and jewellery chain Chow Tai Fook, was not home at the time of the burglary.
Another burglary in Hong Kong’s most expensive residential district The Peak despite major anti-crime operation in May
Cheng’s eldest son and chairman of New World Development Cheng Kar-shun said his family members were unharmed.
“My family members were at home, but all the bedrooms were locked, so he couldn’t enter,” he said, adding that a small quantity of gold items was stolen and that security around the home would be increased.
The burglar drew out a fruit knife and threatened him with the weapon
Hong Kong police source
Police sources confirmed that four to five 15cm-tall gold statues were stolen from an [unoccupied] guest room with the value of the items yet to be established.
Officers believe at least one burglar scaled the surrounding wall of the property shortly after midnight and broke in through the rear door of the house.
Police launched a massive manhunt of the area using tracking dogs following the Cheng residence break-in. No arrests have yet been made.
Cheng was ranked the third richest person in Hong Kong and 58th in the world by Forbes with a net worth of US$16.5 billion.

The burglary at the Cheng residence was reported just hours after a British man, Giles Scott, 53, subdued an armed burglar in separate incident just 1.5km away at 69 Repulse Bay Road.
Police allege that the suspect climbed up drainpipes and onto the balcony of Scott’s third-floor apartment.
“The tenant woke up to find the thief who was ransacking his bedrooms. The burglar drew out a fruit knife and threatened him with the weapon,” a source said. “The tenant disarmed and subdued the man during a struggle.”


Police arrested a 36-year-old man from Sichuan Province upon arrival at the scene.
The Briton’s arm was hurt while the suspect suffered head injuries during the incident. Both men were taken to Ruttonjee Hospital in Wan Chai for treatment.
Scott is understood to be head of investments at a bank in the city. When asked if Scott was an employee of HSBC, a spokesperson from the bank declined to comment.

Following the two burglaries, police said additional patrols and surveillance would be deployed around the Repulse Bay area.
“If necessary, a government helicopter will be deployed to carry out an aerial surveillance,” one source said.
Despite the recent break-ins, police figures show burglary reports fell six per cent to 1,206 in the first six months of this year.


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New World Development

Billionaire tycoon the latest target in spate of high-profile Hong Kong break-ins

It is not yet clear what items were taken during the break-in. Photo: Sam Tsang

Villa Helvetia at 69 Repulse Bay. UNDATED HANDOUT

Henry Cheng Kar-shun, elder son of New World Development founder Cheng Yu-tung, speaks to the press at his house Estrellita located at 12 Repulse Bay Road. 08AUG16 SCMP/ Sam Tsang

More than HK$600,000 in cash and valuables stolen from HK$1.5b luxury house on The Peak

Police officers investigate a burglary at a luxury mansion located at The Peak. Photo: Sam Tsang

This image shows 22 Barker Road at the Peak. 13AUG15

Watches, ring and gold bar: Burglars steal HK$850,000 in cash and valuables from Hong Kong luxury home

Police are investigating if the two break-ins at Casa Marina in the past week are linked. Photo: SCMP Pictures

Burglars sneak into Hong Kong luxury home, steal safe holding HK$5.9 million in valuables

No Caption Available.

A view of an entrance to the private residential development The Vineyard where the crime took place. Photo: Google

News

Hong Kong

Law and Crime

Tycoon Cheng Yu-tung’s residence was on same road as apartment of expat banker who subdued alleged burglar during separate incident on same morning
