What can you buy for US$149 million? Playboy Mansion, Beyoncé’s home or 2 HK flats
For US$149m a range of desirable properties can be bought across the world
Hong Kong’s housing was once again crowned the most expensive in the world with an unidentified buyer paying HK$1.16 billion or US$149 million for two four-bedroom apartments at Mount Nicholson on The Peak.
The buyer paid HK$560 million for a unit measuring 4,242 square foot, or about HK$132,000 per square foot. In square footage terms, it is the most expensive residence in Asia.
The same buyer also paid HK$600 million, or HK$131,000 per square foot, for a 4,579 sq ft unit at Mount Nicholson, according to Wheelock Properties, which oversees sales of the joint project between Wheelock & Co and Nan Fung Development.
The transactions at Mount Nicholson, which has 19 detached houses and 48 flats over three phases, broke the city’s previous price record set in September, when an investor paid HK$105,000 per square foot for a HK$522 million duplex penthouse at Henderson Land Development’s 39 Conduit Road project at the Mid-Levels.
Hong Kong’s private home prices have increased by 430 per cent since 2003, making it the world’s most expensive urban centre among 406 cities to buy a home in, according to the Demographia International Housing Affordability Survey.