Hongkong's property market sure is bustling lately. In less than a month, media outlets have dug out documents revealing that celebs like Stephen Chow and Cecilia Cheung have been busy reshuffling their property portfolios.

While Stephen chose to mortgage his S$198mil house, Cecilia managed to sell an apartment she’s been holding on to for a tidy sum, though it’s not exactly known if the 40-year-old made a loss or profited from the sale.

Joining the list of celeb property owners who’ve been active on the market recently is Hongkong actor Nick Cheung, who reportedly made a multi-million dollar profit by selling an apartment he’d bought 11 years ago, during the 2009 financial crisis.

According to reports, the 55-year-old bought the 2049 sq ft apartment through his investment company in 2009. Although the apartment was built 57 years ago, it’s located in the popular Happy Valley district, which means that Nick had no problems renting it out to interested buyers.

However, Nick recently chose to list the apartment for sale, ultimately selling it for HK$58mil (S$10.41mil). This meant that he was able to pocket roughly HK$28.77mil (S$$5.16mil) in profits. The sale also set two new records for the highest apartment price and per-square-foot price.

When Apple Daily contacted Nick, the actor confirmed the reports, replying that he had “just sold” the apartment. However, he did not comment on the reported sale price, nor the substantial profit he was said to have made.

Photos: Nick Cheung/Weibo