Cryptocurrency firm Huobi’s founder may be the occupant of a US$128 million mansion in Hong Kong’s Kowloon Tong
- A 11,692 square-foot house in Kerry Properties’ Mont Verra project in Beacon Hill has been leased to a person named Li Lin, public record shows
- Li Lin, founder of Huobi Global, sold all his stakes in the cryptocurrency exchange last year amid a meltdown in the virtual asset market
The 11,692 square-foot house, which is part of Kerry Properties’ Mont Verra project located in the upscale neighbourhood of Beacon Hill in Kowloon Tong district, was leased earlier this month to a person named Li Lin, according to records on the government’s Land Register.
The mansion is estimated to be renting at HK$1.17 million (US$150,000) a month, according to a person familiar with the matter who declined to named.
As part of the “lease with option to purchase” agreement, the tenant has the choice to buy the premises for HK$1 billion during a 90-month leasing period, or renew the tenancy for another three months after it expires, Kerry Properties said.
The developer confirmed that the tenant’s name is Li Lin, but declined to reveal his background or nationality.
