Hong Kong House Costs a Record $2 Million a Year to Rent
- Wharf project was leased to unknown tenant for record amount
- Property overlooking Victoria Harbour has a private garden
Hong Kong’s luxury property market has set another record, as its recovery from the pandemic gathers steam.
Wharf Holdings Ltd. has rented out a luxury house in its 11 Plantation Road project on the Peak for HK$1.35 million ($174,000) a month, it said in a statement late Tuesday. That translates into more than $2 million a year for the unidentified tenant.