Sky's the limit at Medallion Heights

The surging price of luxury property made headlines last year, with the sale of the world's most expensive apartment at 39 Conduit Road.

The five-bedroom duplex was sold for HK$439 million, or HK$88,000 per square foot. One look at the amount and you might think living in Mid-Levels West may be out of the question as the per-square-foot price of the apartment may be equivalent to or even exceed your monthly salary. But Rowena Siu, senior manager of Landscope Surveyors, a property and real estate consulting company, offers a different view.

'The price between the new properties and old properties varies a lot,' Siu says.

For example, also on Conduit Road, there is a 2,000 sqft top floor apartment up for sale at Medallion Heights for HK$28.5million, or HK$14,250 per square foot.

The estate, at 45 Conduit Road, was completed in 1972. It contains two blocks of residential buildings with 12 floors, with two apartments on each floor.

The unit on sale has two bedrooms, one including an en suite bathroom, and a 1,500 sqft rooftop. Siu says it's the rooftop that makes the apartment special.

'Apart from the internal staircase leading up to the roof, which offers tenants more privacy, there is also a family room built on the rooftop,' she says.