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Now, he reportedly plans to spend roughly that same amount to renovate it. Cheung has submitted plans to the Westminster City Council for an extensive renovation of the 62,000-square-foot mansion at 2-8A Rutland Gate in Knightsbridge. Per a website that shares information on the renovation, the house is heavily dilapidated and requires extensive refurbishment prior to occupation. Experts told the Sunday Times that Cheung s proposed renovations could cost as much as 200 million British pounds, or about $276 million which is slightly higher than the price he paid for the home last year via his private family office. A spokesperson for the renovation project declined to comment for this story.

Saudi arabiaHyde parkUnited kingdom generalUnited kingdomHong kongCity ofPeter wetherellHong kongerCheung chung kiuWestminster city councilCc land holdingsRutland gateSunday timesWall street journalLeadenhall buildingBill bostock