HK$30.8m for Bel-Air apartment
Hong Kong is undoubtedly one of the most expensive cities to live in. For the price of an apartment, you could buy a house in another country.
When expatriates move to Hong Kong, most are unwilling to pay a large sum for a house, but would still like to have an apartment resembling their previous home.
Bel-Air 8 in Bel-Air, Pok Fu Lam, has open kitchens such as those in many overseas houses.
'A lot of foreigners like to live in Bel-Air, especially in Tower 8B, because of the kitchen setting which reminds them of home. Tower 8B is also the only building containing small apartments with this kind of kitchen,' says Ada Ng, StatelyHome's regional associate director for Mid-Levels West at Centaline.
A 1,878 sqft apartment in Tower 8B is now on the market with an asking price of HK$30.8 million, or about HK$16,400 per sqft.
The apartment at the 50-storey tower is on a high floor and has three bedrooms, including one with an en-suite bathroom.
There is also a balcony with a full sea view and a floor-to-ceiling window in the master bedroom. Two car park spaces are also provided.
In Bel-Air, there is a variety of clubhouse services including a spa by Guerlain Spa, a hairdresser, a gym, tennis courts and swimming pool. The complex is situated next to Cyberport, which has restaurants, a supermarket and a cinema. Apartments on higher floors have better sea views and are more expensive, Ng says.
Another apartment on a middle floor in Tower 8 is selling for HK$30 million.
Residents moved into the new building last year.
An apartment at an older estate is also on sale for a similar price in Island South. The 1,906 sqft unit at Pacific View on Tai Tam Road, which was built in 1990, is selling for HK$30 million.
It has a full sea view and three bedrooms, including one with an en-suite bathroom.
There are clubhouse facilities including a swimming pool and gym. According to Midland Realty, the average price per square foot of an apartment in Island South is HK$15,000, without a sea view, and HK$18,000 for those with sea views.
For houses, the average price per square foot is about HK$30,000.