Four apartments at No127 Repulse Bay are open for lease in a highly sought-after area The cream of Repulse Bay's luxurious residential area is No127 Repulse Bay. And the mark of its quality is reflected in its monthly rent of more than $100,000. The residential tower, which enjoys a panoramic view of Repulse Bay Beach, consists of 48 units from 2,990 sqft to 3,008 sqft and two penthouse units. 'With such rent, one can easily lease a decent two-storey house in Island South for around $40 per square foot,' said Gary Ng Man-chung, a district manager of Centaline Property Agency. He said a 3,000 sqft house in Belleview Drive was being leased for only $80,000 to $ 90,000 a month and a fully furnished 2,500 sqft house in an established luxurious villa, Hong Kong Parkview, was leased for $75,000 a month. Mr Ng said that the apartments in the residential block, developed by Sun Hung Kai Properties (SHKP), were among the most expensive in the Repulse Bay leasing market. 'It is located in the centre of Repulse Bay, which is more accessible than the part closer to Deep Water Bay. The four-year-old building is comparatively new among luxury residential properties in Southern District,' he said. Mr Ng said the residential block was a highly sought-after address as only a few tenants had moved since the building was completed in 1999. According to the developer, monthly rent for the four flats available for lease ranged from $115,000 to $160,000. The most expensive unit on the 27th floor, flat A, is fully furnished. The other flats available are 18B at $115,000, 19A at $130,000 and 21A at $140,000 per month. All four apartments feature two en-suite bedrooms, two regular-sized rooms and a walk-in closet. Sun Hung Kai Property senior leasing manager Mavis Kang Min said most flats were leased within a month of tenants moving out. 'And we provide superior services to the tenants. We pay home visits from time to time to know more about their special needs,' said Ms Kang. And such visits come with a price on a par with the pricy rent. According to the developer, the management fee for regular units is $10,500 per month. Ms Kang said it was rare for a single-block building even of its class to have such extensive clubhouse facilities. Apart from a standard gymnasium and a 25-metre swimming pool, it has an outdoor barbecue site, tennis and squash courts, and a Jacuzzi. SHKP subsidiary Hong Yip Service Company and the Royal Garden hotel, jointly manage the building, offering tenants value-added services including housekeeping, laundry, babysitting, airline ticketing and bouquet services for an extra cost.