A mystery buyer has purchased Hong Kong’s most expensive apartment for £61million and the one next door for £53million.
The purchase – costing a total of £114million – broke Hong Kong’s previous record of £44million set by the sale of an apartment in 21 Borrett Road in February.
The luxury area is The Peak. The total floor space of the flats measures 4,544 feet.
Wharf Development Ltd sold the homes to Nan Fung Development Ltd. The Mount Nicholson development was once known for being Asia’s priciest addresses.
In 2017, the ultra-luxury development received the title when two apartments sold to the same buyer for £110million.
The previous record was set in February by CK Asset Holdings Ltd’s 21 Borrett Road project which sold an apartment for HK$136,000 per square foot.
A mystery buyer has purchased Hong Kong’s most expensive apartment for £61million and the one next door for £53million
In June, a parking space in the ultra-luxury development sold for £963,365 – one of several sold off in the area, which overlooks Victoria Harbour.
It worked out that the price per square foot of the 134.5-square-foot parking spot was around £55,176.
The sale broke the previous record for the world’s most expensive car parking spot, which was set in the city in 2019 when a bay sold for more than £725,487.
William Lau (a Centaline Property Agency sales director) stated that at the time, the parking spot cost was insignificant compared with the cost for the flat.
He said, “What worries them most is that their car needs space and not money.” It was bought for personal use, not investment.
Sold by Wharf Holdings Ltd and Nan Fung Development Ltd, the pair of homes are part of the Mount Nicholson development – once known as ‘Asia’s priciest address’
In May, a house on the Peak was leased for £152,656 a month, which translates into about £1.8million a year for the tenant, according to Bloomberg.
The house had five bedrooms and included a private elevator. It also featured a garden of 7,000 square feet.
Economist Intelligence Unit’s 2020 Worldwide Cost of Living Survey found Hong Kong to be the most expensive place in the world, with Paris, France and Zurich (Switzerland) tied.
It comes as Hong Kong’s property industry continues to boom – with £1.2bilion of transactions in the 12 months to June 2021, more than double than a year earlier, Colliers International reported.
It comes as Hong Kong’s property industry continues to boom – with £1.2bilion of transactions in the 12 months to June 2021, more than double than a year earlier (pictured, Mount Nicholson)