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Peggy Sito

The buyer of Asia's most expensive apartment, in Mid-Levels, early this month was Daniel Aaxman, a company director with a Danish passport, according to Land Registry records released yesterday.
The records showed Aaxman, through his company Lead Connection, paid HK$497.9 million, or HK$95,971 per square foot, for the duplex flat A on the ground and first floors of Opus Hong Kong at 53 Stubbs Road. The property also includes two car parking spaces.
The sale broke the previous record for price per square foot, set in April, when a company director with a Singaporean passport, Wang Shuang, paid HK$93,000 per square foot for a HK$433.8 million home on the 45th floor of 39 Conduit Road.

Click image for a closer look
Aaxman's purchase bucked a trend that has seen mainland Chinese buyers dominate the top end of the residential market in Hong Kong in the first half of this year.
In the first six months of 2015, 80 per cent of the top 10 luxury residential deals in Hong Kong have involved mainland buyers, according to property consultant Knight Frank
The Opus duplex has 5,188 sq ft of saleable area and a 3,245 sq ft garden, which is not included in the saleable area. It has a 36 sq ft balcony and 113 sq ft of verandah. The sale price represents a 4.25 per cent discount to the list price of HK$520 million on the development's website.

Click image for a closer look
Opus, a 12-storey, super-deluxe property completed in 2012, has been dubbed Hong Kong's most expensive apartment block. It is Canadian-American architect Frank Gehry's first residential building in Asia and features an unusual twisted shape. Each unit has floor-to-ceiling windows and commands 360-degree views of Victoria Harbour and Mount Cameron.
Property analysts and agents have recently sounded a positive note on the luxury sector's outlook, with some predicting that prices will rise by as much as 10 per cent this year.
With recent credit tightening having targeted mass residential units, the booming stock market had stimulated demand for luxury housing, Knight Frank said, adding that the downturn in mainland real estate had sent more buyers back to Hong Kong to seek safer investments.
Click image for a closer look

 

Clarification: An earlier version of this article failed to make clear that the interior pictured was not the apartment purchased by Daniel Aaxman, but was in fact another apartment in the Opus development. We apologise for this oversight. 


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Hong Kong housing

Asia's most expensive apartment: HK$498m Hong Kong home snapped up by Danish businessman

Opus Hong Kong is city's most expensive apartment block. Photo: Nora Tam

Opus Hong Kong is city's most expensive apartment block.

Opus affords its residents 180-degree panoramic views, as seen in this bedroom inside one of the apartment block's flats. Photo: Nora Tam

The balcony of this Opus apartment offers a panoramic view of Victoria Harbour. Photo: Nora Tam

A rounded balcony outside the living room at this Opus apartment, one of many luxury flats neighbouring Aaxman's recent purchase. Photo: Nora Tam

A rounded balcony outside the living room. Photo: Nora Tam

A panoramic view of Victoria Harbour can be seen from the balcony. Photo: Nora Tam

The bedroom affords a 180-degree panoramic view. Photo: Nora Tam

British consul-general Caroline Wilson is also an Opus resident. Photo: SCMP Pictures

Property

Hong Kong & China

Lifestyle

Opus Hong Kong at 53 Stubbs Road, Hong Kong, boasts a 3,245 sq ft garden and a 36 sq ft balcony


The property, in Hong Kong's Mid-Levels, boasts a a 3,245 sq ft garden and a 36 sq ft balcony. The company director bought the apartment at HK$95,971 per square foot, breaking the previous record for price per square foot.


Asia's most expensive apartment: HK$498m Hong Kong home snapped up by Danish businessman

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Opus Hong Kong at 53 Stubbs Road, Hong Kong, boasts a 3,245 sq ft garden and a 36 sq ft balcony

Opus Hong Kong at 53 Stubbs Road, Hong Kong, boasts a 3,245 sq ft garden and a 36 sq ft balcony