Asia’s costliest condo offered in Hong Kong’s Height house


A Hong Kong condo offered for HK$640 million ($82.2 million), making it Asia’s costliest consistent with sq. foot in an extra signal of buoyancy within the town’s upscale housing marketplace.

Wharf Holdings Ltd. and Nan Fung Construction Ltd. offered an condo at Mount Nicholson, one of the vital iconic upscale tasks within the town, for HK$140,800 consistent with sq. foot, in keeping with the firms. The condo at the Height, a luxurious residential house on Hong Kong Island, got here with 3 parking areas and is measured at 4,544 sq. toes (442 sq. meters).

That broke the document set through CK Asset Holdings Ltd.’s 21 Borrett Highway undertaking nearly 9 months in the past. Hong Kong rich person Victor Li’s company offered the condo for HK$136,000 consistent with sq. foot in February.

The latest acquire underscores how town’s luxurious residential marketplace – already one of the vital international’s priciest – continues to grind upper. Overall transactions within the twelve months via June 2021 got here in at HK$12.8 billion, greater than double the quantity a yr previous, in keeping with Colliers Global. 

Costs for upscale properties will develop 3% in the second one part of the yr, pushed through powerful call for from each mainland Chinese language and rich native citizens, Colliers estimates.

The unidentified purchaser at Mount Nicholson additionally purchased an adjoining condo for HK$561 million, boosting the whole invoice to greater than HK$1.2 billion for the transaction, the builders stated. 

Mount Nicholson is among the maximum sought-after ultra-luxury traits amongst Hong Kong’s rich. Given the shortage of land at the Height, it’s uncommon to have new tasks to be had on the market within the unique community. Consumers come with the past due rich person Stanley Ho’s daughters Alice Ho and Sabrina Ho in addition to Edwin Leong, founding father of native developer Tai Hung Fai Enterprises.

A unit in Mount Nicholson had claimed the document for Asia’s costliest condo in 2017 ahead of 21 Borrett Highway changed it previous this yr.

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