Luxury Hong Kong Apartment Breaks Asia Price Record
- Mount Nicholson apartment fetches $17,000 per square foot
- Price is equivalent to 2,745 years of city’s median income
Mount Nicholson apartment.
Source: The Wharf (Holdings) Ltd.
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An unidentified buyer paid HK$132,000 ($17,000) per square foot for a luxury flat in Hong Kong’s exclusive Peak neighborhood, making it Asia’s most expensive apartment by area, according to Knight Frank LLP.
The buyer shelled out more than HK$1.16 billion Monday for two adjacent apartments at No. 8 Mount Nicholson, said Wheelock Properties Ltd. The record was set by the smaller of the two, which sold for HK$560 million. The project is a joint venture with Nan Fung Development.