House in luxury Peak development likely to fetch more than HK$1 billion
Mount Nicholson is being developed in three phases and consists of 19 detached houses and 48 apartments
Developers of the Mount Nicholson luxury residential project received five bids yesterday for a house in the development that is likely to fetch over HK$1 billion.
It would be the second billion-dollar sale in a month after a company called Golden Sea bought a house at Headland Road, in Stanley, for HK$1.02 billion.
Property consultants said the high number of bids was the latest evidence of strong interest in super luxury property in Hong Kong, regardless of current economic uncertainties and volatile stock markets.
The winning bidder for the House 6 at Mount Nicholson, located on its namesake mountain close to The Peak, is set to be announced today.
The project is being developed by Wharf and Nan Fung Group. It is one of the rare new super luxury property developments on the market aimed at attracting the very wealthy from both Hong Kong and the mainland.
It has been rumoured that mainland billionaire Qian Fenglei is one of the potential buyers. Qian bought a house at 28 Barker Road for HK$690 million in 2014.