Why luxury flats will have more takers in HK

 

Swire Properties has just sold a super-deluxe duplex apartment at its Opus tower for nearly HK$500 million (US$80.5 million), setting a new record as Asia’s most expensive apartment in terms of price per square foot.

The property at Stubbs Road, a winding hillside path that stretches from Happy Valley to The Peak, measures 5,177 square feet, and is spread over the ground and first floors of the building.

Other features are a 3,245-square foot garden — which is not included in the saleable area — a private swimming pool and two parking spaces.

The apartment was sold over the last weekend at HK$95,971 per square foot, breaking a previous record set in April.

Two months ago, a buyer paid HK$93,000 per square foot for a HK$433.8 million flat at 39 Conduit Road, a property developed by the Henderson Land Development (00012.HK).

Read more at EJI Insight.