Hong Kong Flats Sell for Record Price, Defying Latest Home Curbs
- Adjoining flats in Mount Nicholson sold for HK$912 million
- Hong Kong leaders have hiked stamp duties to cool prices
Luxury property in 8 Mount Nicholson Road.
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
Wheelock Properties Ltd. sold adjoining luxury flats in Hong Kong’s exclusive Peak neighborhood for a record price, days after the government rolled out curbs to cool the property market.
The 8,702-square-foot adjoining flats in the Mount Nicholson project were sold for HK$912 million ($117.6 million), with the price per square foot exceeding the previous record at the project by 23 percent, according to the company. The buyers also purchased another unit at the Mount Nicholson project for HK$312 million, said the developer.