Property development The Legend has reclaimed the record for the highest-priced flat. A 3,205 sq ft duplex at the Tai Hang towers has sold for HK$109 million, or some HK$34,000 per sq ft.
But the record may not stand for long. The Legend's developer, Cheung Kong (Holdings), plans to raise prices for the remaining 20 apartments and nine duplexes there. What's more, flats in The Cullinan - Hong Kong's tallest buildings, above Kowloon Station - could sell for HK$40,000 per sq ft, said the owner of the agents that sold the duplex.
Its price beat the record HK$33,500 per sq ft paid for a duplex in The Arch, also above Kowloon Station, in July. A 3,850 sq ft duplex at the Legend was the previous record-holder, selling for HK$128.2 million, or HK$33,300 per square foot, in March.
For HK$109 million, the buyer of Hong Kong's most expensive flat gets a kitchen and rooftop swimming pool with gold-plated fixtures and a view of Victoria Harbour, Centaline Property director Louis Ho Siu-tong said.
'Those features attracted the buyer to pay an aggressive price for the unit,' Mr Ho said.
The Legend is a four-tower development on the site of the former Tiger Balm Garden attraction.