Home China Will HK Be Crowned King of the Residential Square Foot?

Will HK Be Crowned King of the Residential Square Foot?

Luxury real estate in Hong Kong is famous for increasing prices and growth. And if Sun Hung Properties can sell for its listed prices, HK will be crowned the official King of the world’s highest real estate prices.

As reported by Wall Street Journal:

“Developer Sun Hung Kai Properties is listing House No. 1 at its new Twelve Peaks development located in the city’s exclusive Victoria’s Peak neighborhood at 819.1 million Hong Kong dollars (US$105.7 million). If a buyer pays full price, it would represent a cost of HK$175,735 per square foot and would be the world’s most expensive home ever sold on a per square foot basis. It would also be the most expensive home ever sold in the city.

The recently constructed home spans 4,661 square feet, with four bedrooms, a private pool, a garden, rooftop terrace and a carport that can house two cars.

Hong Kong has broken its share of records before. The most expensive home sold to date in Hong Kong was a 5,989 square-foot manse on 10 Pollock’s Path, also located on the Peak. That house sold for HK$800 million, or HK$133,578 per square foot, in 2011.”

Vision Times Staff
Vision Times is a kaleidoscopic view into the most interesting stories on the web. We also have a special talent for China stories — read About Us to find out why. Vision Times. Fascinating stuff.

Most Popular

How Ether Has a Place in Modern Physics

Ether is an element that has its origins in ancient Greece and comes from the word "either," meaning "clear sky" or "pure, fresh air."...

What You Need To Know About New Work

"New Work" is a term that denotes a new way of working that is relevant to the modern digital age. The phrase was coined...

How COVID-19 Affected Diwali Celebrations This Year

Diwali is one of the most important celebrations in Hinduism. Known as the Festival of Lights, it is celebrated with much pomp and vigor...

Scientists Rediscover the Elusive Singing Dogs of New Guinea

The New Guinea singing dog is an animal that was thought to have been extinct in the wild for around 50 years. The 200...