A new property has now been added to Zimbabwean President Robert Mugabe's list, this time it's a 4 million pound ($5.6 million) home in Hong Kong, Britain's Sunday Times reported.

Citing unnamed sources in Zimbabwe, the newspaper identified an intermediary who it said had helped arranged the purchase of the three-storey property, in a walled and gated complex in an exclusive area of Hong Kong.

The property was bought last year, as Mugabe's 20-year-old daughter began studying at the University of Hong Kong, the newspaper said.

According to the paper this property was one of the several properties Mugabes own in Asia but the first to be documented.

Last year speculation intensified that Mugabe could be seeking a way out of office after he lost the first round to Movement for Democratic Change (MDC) leader Morgan Tsvangirai.

Mugabe's second wife Grace has made several shopping and holiday trips to Asia, including Hong Kong and Bangkok, in recent years. The paper said she was also weighing up diamond ventures in China.