House goes for $125m in Stanley

PUBLISHED : Wednesday, 19 March, 1997, 12:00am
UPDATED : Wednesday, 19 March, 1997, 12:00am

A 6,061 square feet three-storey town-house in Stanley has sold for $125 million or $20,623 per sq ft, First Pacific Davies said.

The low-rise development at 39A Tung Tau Wan Road also comes with several car parking spaces.

The property's patio area is connected to the roofs of two nearby low-rises, providing the owners with about 5,000 sq ft of terrace.

A property in Turtle Cove has sold for $64.5 million and a 3,960 sq ft unit at Villa Rosa has changed hands for over $70 million, according to Frank Marriott, director of residential sales with First Pacific Davies, who said the luxury market had calmed recently.