Stanley Ho, the legendary Macau casino tycoon, has put his luxurious mansion in Hong Kong up for sale for a whopping $383 million. The mansion, located in the prestigious Peak area of Hong Kong Island, is a sprawling estate that boasts stunning views of the city skyline and Victoria Harbour.
The property, known as Villa Palsino, is a grand Georgian-style mansion that offers over 17,000 square feet of living space on a massive 63,300 square foot lot. The mansion features seven bedrooms, nine bathrooms, a grand ballroom, a private library, a home theater, a gym, and a lush garden with a swimming pool and tennis court. The interiors are lavishly decorated with imported Italian marble, crystal chandeliers, and custom-made furniture.
Ho, who is now in his 90s, purchased the property back in the 1980s and has since used it as a private retreat for his family. The mansion has been the backdrop for many extravagant parties and gatherings over the years, hosting high-profile guests from around the world.
The decision to sell the property comes as Ho’s health has been declining in recent years, and his family has decided to downsize their property portfolio. The sale of Villa Palsino is expected to attract interest from wealthy buyers looking for a prestigious address in one of the world’s most expensive real estate markets.
Real estate experts predict that the mansion could fetch even more than its asking price, given its prime location and unique features. The Peak area is known for its exclusivity and breathtaking views, making it a highly desirable neighborhood for affluent buyers.
Ho, who is often referred to as the “King of Gambling” in Asia, has had a long and successful career in the gaming industry. He founded the Sociedade de Turismo e Diversões de Macau (STDM) in the 1960s, which went on to become one of the largest casino operators in Macau.
The sale of Villa Palsino marks the end of an era for Ho and his family, as they look to move onto the next chapter of their lives. The mansion, with its grandeur and history, will undoubtedly find a new owner who appreciates its beauty and prestige.