Po Shan Road

Penthouse at 23 Po Shan Road Sold for Record HK$416 Million to Mainland Buyer

A 6,701 sq ft penthouse at High Peak on 23 Po Shan Road sold to mainland buyer for over HK$416 million (HK$62,000+ per sq ft), setting a project record. The buyer used company Shine Action, whose director is Zheng Jiang. The transaction attracts HK$27.3 million in stamp duty after rates rose to 6.5% in February. Savills recorded 58 HK$100M+ transactions in Q1, with mainland buyers comprising over half.