THE most expensive home ever offered for lease, at a record $430,000 per month, is now available on The Peak, awaiting only a willing tenant.
Should that tenant be found, further support will be lent to a number of surveys that have shown Hong Kong to be the most expensive place in the world to rent a home.
The 4,800-square-foot house on Middle Gap Road has four bedrooms and two reception rooms and was set in a private garden, Isabel Michie, residential director at property consultants First Pacific Davies, said. 'It's the highest asking rent I have ever known,' she said.
The asking rent for the property was far in excess of other expensive leases on offer at the moment. There were a number of leases available at $280,000 per month, which were the next group of most expensive rental properties on the market, she said.
Jan McNally, residential director at property consultants Richard Ellis, said the owner would probably find a tenant prepared to pay between $350,000 and $400,000 a month. The house benefited from a good location and was built to a high standard, she explained.
But potential tenants may want to consider that the $5.2 million yearly rent for the property could buy a four-bedroom, two-bathroom, two-reception-room house in London's plush Knightsbridge district.