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‘Live like a duke’ in an ancient Italian castle that costs the same as a luxury flat in Hong Kong
- With a reserve price of US$17.7 million, the ancient Castle of Parrano is likely to go for roughly the same as a 2,000-square-foot luxury flat in Hong Kong
- The fully refurbished castle, measuring 51,699 sq ft, is set in a vast estate with the potential to build a 130-room hotel
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They say a man’s home is his castle ... and for some, that is literally the case. An ancient Italian castle set in a vast estate amid rolling hills just north of Rome will come up for auction in October.
With a reserve price of €15 million (US$17.69 million/HK$137.42 million), the ancient Castle of Parrano is likely to go for roughly the same as a 2,000-square-foot luxury flat in Hong Kong.
The castle itself, measuring almost 52,000 square feet, is the centrepiece of a sprawling 2,700-acre estate in the Italian Province of Terni, about an hour and a half’s drive from Rome.
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“For the price of a Hong Kong apartment, you can live like a duke in the Italian countryside. You can have five bedrooms in your own castle, farmland growing grapes and olives, multiple swimming pools and a sculpture garden,” said Georg Chmiel, portal Juwai IQI’s co-founder and group executive chairman. “There is no comparison to even the largest of Hong Kong apartments.”
However, the eventual buyer may well not choose to occupy the property themselves.
The fully refurbished Castle of Parrano, measuring 4,809 square metres (51,699 square feet) has 26 master suites and a spa centre. There is potential to build a 130-room hotel on the surrounding land, with 75 additional units converted from the 23 farmhouses that are included, according to Christie & Co, which is marketing the property on behalf of Bayview Italia.
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