Hong Kong Luxury Flat Sells for Record HK$126,000 Per Square Foot
Quick Look
- A five-bedroom flat at 21 Borrett Road in Hong Kong's Central district sold for HK$126,000 per square foot, setting a new high for the development and this year's new home sales.
- Developer CK Asset has now sold four mansions at the project for HK$1.05 billion.
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Why It Matters
The city’s high-end housing segment has recently seen a string of deals, including purchases made by top business executives and celebrities. CK Asset resumed sales of ultra-luxury homes at 21 Borrett Road early this month.
Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK$126,000 per square foot, the highest price for the development and for new home sales this year, according to the statement on Thursday.
The five-bedroom flat, with three en suite rooms and a saleable area of 3,022 sq ft, offers panoramic views stretching from Central to Wan Chai.
The project had now sold four mansions via tender for a combined HK$1.05 billion, said Kristy Chan Wing-chi, sales manager at CK Asset.
The developer resumed sales of ultra-luxury homes at 21 Borrett Road early this month. The second phase of the project comprises 66 flats from 1,875 sq ft to 2,193 sq ft in saleable area, plus a limited number of special units, including two penthouses exceeding 2,900 sq ft.
The city’s high-end housing segment has seen a string of deals, including purchases made by top business executives and celebrities.
