Date
24 January 2017
Cheng Kar-shun (inset), the son of tycoon Cheng Yu-tung, speaks to reporters following a break-in at his father's luxury mansion in Repulse Bay. Photos: Google Maps, tvb.com
Cheng Kar-shun (inset), the son of tycoon Cheng Yu-tung, speaks to reporters following a break-in at his father's luxury mansion in Repulse Bay. Photos: Google Maps, tvb.com

Police look into burglary at tycoon Cheng Yu-tung’s mansion

Police have launched an investigation into a burglary at a luxury mansion belonging to Cheng Yu-tung, the billionaire founder of New World Development group.

A worker at Cheng’s residence at Repulse Bay Road, where some of Hong Kong’s wealthy people and celebrities live, filed a report early Monday about a break-in at the 90-year-old tycoon’s house.

The police were informed that strange sounds were heard in the house sometime before 6 am and that there were signs of ransacking. 

Given the high-profile address, the police dispatched several officers to the scene and began a search of the neighborhood.

Initial investigations led the police to suspect that the burglars approached the area from a hill that lies at the back of the mansion, the Hong Kong Economic Journal reported.

Arriving at the house later in the morning, Cheng Kar-shun, Cheng Yu-tung’s eldest son and the current chairman of New World Development Co. (00017.HK), told reporters that family members were at the mansion at the time of the break-in.

However, none of the family members were disturbed by the burglars as the occupants were all in their rooms and had locked their doors, he said.

In fact, the family members were not even aware of the burglary until they were informed later, the businessman said.

According to him, the thieves looked for valuables in a corridor and took away some decorative gold items, which were not really worth a lot.

The criminal investigation team of the Western Police District is looking into the case.

HKEJ cited a source as saying that Cheng Yu-tung, who is now the honorary chairman of New World Development, used to live in the mansion until he suffered from stroke in 2012.

After the stroke, he moved to another place to recuperate, the source said.

Little is known about the tycoon’s health condition as his family members have been keeping it a secret.

Incidentally, another house in Repulse Bay was also targeted for burglary in the wee hours of Monday.

A foreigner who was living in that house, which is less than two kilometers away from the Cheng mansion, however managed to subdue a 36-year-old suspect and alert the police.

The suspect, who is said to be from mainland China, has been taken into custody.

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Hong Kong Economic Journal

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