Venture Capital Veteran Gan Buys $19 Million Home in Hong Kong

A veteran of Chinese venture capital firm Ince Capital purchased a luxury apartment in Hong Kong, adding to a list of high-profile buyers as the city’s housing market shows signs of a recovery.

JP Gan, one of Ince Capital’s founding partners, spent HK$148 million ($19 million) with his wife for a home at The Legacy last month, according to land registry records. They made the purchase ahead of a tax hike introduced last week for high-end property transactions, the filing shows.