Home United Kingdom A Hong Kong penthouse just sold for $59 million — or $17,542...

A Hong Kong penthouse just sold for $59 million — or $17,542 per square foot — making it the priciest apartment ever sold in Asia

102
0
A Hong Kong penthouse just sold for $59 million — or $17,542 per square foot — making it the priciest apartment ever sold in Asia
  • A Hong Kong penthouse just sold for $59 million in Asia’s costliest apartment sale by square footage.
  • It became once sold by Victor Li, chairman of CK Asset Holdings and son of Hong Kong‘s 2d-richest man.
  • The 5-bed room penthouse includes a personal rooftop and pool.

A 5-bed room penthouse in Hong Kong just sold to an unidentified purchaser for about $59 million, breaking the record for the costliest dwelling ever sold in Asia by square footage, Shawna Kwan reported for Bloomberg.

The location sold for a whopping $17,542 per square foot.

Early Newspaper

The seller became once developer Victor Li, the chairman of CK Asset Holdings, a Hong Kong property developer valued at about $23 billion. He is the son of Hong Kong’s 2d-richest man, Li Ka-shing, who has a regain worth of $36.7 billion, according to Forbes.

The 3,378-square-foot apartment sits on the prime floor of a 23-story luxurious residential building at 21 Borrett Twin carriageway in Mid-Levels, an prosperous residential neighborhood that’s surrounded by upscale eating places and presents panoramic views of Victoria Harbour, according to Luxe Living Asia.

A Hong Kong penthouse just sold for $59 million - or $17,542 per square foot - making it the priciest apartment ever sold in Asia
21 Borrett Twin carriageway is a luxurious residential advanced of 5 buildings.CK Asset Holdings

21 Borrett Twin carriageway, completed in 2020, is a advanced of 5 residential buildings with 181 units, according to Homewise Realty, which markets the property. Most productive a few of its apartments had been positioned on the market.

The developer delayed the sales initiate of the Twin carriageway residences in August 2019 due to Hong Kong’s pro-democracy protests, according to Hong Kong newsletter The Normal.

Advertisement


The penthouse is the vogue’s largest unit and comes with a ​​2,131-square-foot personal rooftop as properly as a 717-square-foot terrace.

A Hong Kong penthouse just sold for $59 million - or $17,542 per square foot - making it the priciest apartment ever sold in Asia
Gross sales of 21 Borrett Twin carriageway’s residences were delayed in August 2019 amid social unrest in Hong Kong.Courtesy of Homewise Realty

Li of CK Asset Holdings declined to observation for this story.

The priciest apartment in Asia

The Borrett Twin carriageway penthouse broke Asia’s record for mark per square footage, but it’s now no longer the costliest apartment ever sold on the continent.

In 2017, two apartments in Hong Kong’s Mount Nicholson vogue sold for a combined $149 million. The mark per square foot in that deal, however, became once $16,897 – about $645 cheaper per square foot than the Borrett Twin carriageway location.

Singapore, another certainly one of Asia’s priciest cities for real property, is also identified for condos that sell at exorbitant prices.

In 2019, Dyson vacuum billionaire James Dyson paid $54 million for a three-story penthouse in Singapore’s Guoco Tower. That location, however, became once huge – 21,000 square toes – meaning he paid handiest about $2,571 per square foot. A little over a three hundred and sixty five days later, he sold it at a loss for $47 million.

Singapore’s largest penthouse, a 28,000-square-foot spread of 5 combined residences, hit the market earlier this month for $104 million.

A Hong Kong penthouse just sold for $59 million - or $17,542 per square foot - making it the priciest apartment ever sold in Asia
Victoria Peak in Hong Kong.ANTHONY WALLACE/AFP by Getty Images

In Hong Kong, several standalone mansions beget sold at principal higher prices than the Borrett Twin carriageway penthouse. In the exciting enclave of the Peak, the put billionaires and business moguls stay in secluded mansions, homes can sell for quite rather a lot of of millions.

In 2016, real-property developer Chen Hongtian paid $270 million for a 9,212-square-foot mansion at 15 Gough Hill Twin carriageway. In January 2017, iPhone show mask mask manufacturing billionaire Yeung Kin-man paid $361 million for a 51,000-square-foot mansion on Pollock’s Path. Alibaba founder Jack Ma became once rumored to beget bought a $191 million mansion in the Peak in 2015, but it’s never been confirmed.

Just final week, a workforce of investors paid about $935 million for a 1.25-acre parcel of land in the Peak that became once beforehand former as housing for Hong Kong civil servants. It became once the best seemingly mark ever paid per-square-foot for a government-owned parcel of land.

Offer:
A Hong Kong penthouse just sold for $59 million — or $17,542 per square foot — making it the priciest apartment ever sold in Asia