An apartment sale in HK sets a new Asia record for most-expensive housing
Last Updated on January 15, 2023 by Andrew
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The apartment on the Peak, a luxury residential area on Hong Kong Island, came with three parking spaces and is measured at 4,544 square feet
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The unidentified buyer at Mount Nicholson also bought an adjacent apartment for HK$561 million, boosting the total bill to more than HK$1.2 billion for the transaction, the developers said.
Mount Nicholson is one of the most sought-after ultra-luxury developments among Hong Kong’s wealthy. Given the scarcity of land on the Peak, it’s rare to have new projects available for sale in the exclusive neighborhood. Buyers include the late tycoon Stanley Ho’s daughters Alice Ho and Sabrina Ho as well as Edwin Leong, founder of local developer Tai Hung Fai Enterprises.
A unit in Mount Nicholson had claimed the record for Asia’s most expensive apartment in 2017 before 21 Borrett Road replaced it earlier this year.
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First Published: Wed, November 10 2021. 16:21 IST
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