Welcome to the realm of the super-rich

PUBLISHED : Wednesday, 29 October, 2003, 12:00am
UPDATED : Wednesday, 29 October, 2003, 12:00am

For the general public, $280,000 is probably enough to make a down payment on a decent flat in the city. But for the super-rich, it is just enough to pay one month's rental on a penthouse apartment.

Allied-Kajima, a joint venture between Allied Properties and Japanese group Kajima, is offering its three-storey penthouse for $280,000 per month.

At 8,018 square feet, the penthouse at Tregunter Tower III is the biggest available for lease in Hong Kong and the second-largest in the city after the penthouse at Aigburth in Mid-Levels, developed by Kerry Properties.

The 8,500 sqft Aigburth penthouse was sold last year.

'We are eyeing chiefs of Hong Kong-based listed companies, top management of multinational companies as well as members of super-rich families in the city,' said Koh Keng-seng, managing director of Landscope Realty, the marketing agent.

The luxury apartment was used as a clubhouse for senior management of the developer for more than five years but has been leased to local Chinese for the past two years.

The Tregunter penthouse includes a dining room, living room, four large bedrooms, including a master suite and two other suites.

It also has three covered car parks.

The management fee is $19,000 per month and government rates are $31,000 per quarter.