Luxury project priced at HK$33,540 per sq ft
A luxury residential project at Horizon Drive in Chung Hom Kok aims to break the record property price in the area with an asking price of HK$33,540 per square foot in terms of gross area (including common areas).
The asking price for the twin houses, fully furnished, is HK$350 million, according to Robert Shum, chief executive of Cypress Group.
Mr Shum's Cypress Group teamed up with Askar Capital, an investment company from Iceland, in September last year to acquire the 24-year-old twin houses at 26-28 Horizon Drive for HK$120 million. The firms renovated the houses and launched them in the market recently.
The saleable areas of the two houses are 3,061 and 3,722 square feet. The price of the project's saleable area is HK$51,599 per square foot.
The project, which boasts a Chung Hom Wan sea view, has a swimming pool with underwater audio system and six covered car parking spaces.