CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark

CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark The record per square foot pricing for new homes this year highlights the growing momentum in the city’s luxury property market Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK$126,000 per square foot, the highest price for the development and for new home sales this year, according to the statement on Thursday. The five-bedroom flat, with three en suite rooms and a saleable area of 3,022 sq ft, offers panoramic views stretching from Central to Wan Chai. The project had now sold four mansions via tender for a combined HK$1.05 billion, said Kristy Chan Wing-chi, sales manager at CK Asset. The developer resumed sales of ultra-luxury homes at 21 Borrett Road early this month. The second phase of the project comprises 66 flats from 1,875 sq ft to 2,193 sq ft in saleable area, plus a limited number of special units, including two penthouses exceeding 2,900 sq ft. The city’s high-end housing segment has seen a string of deals, including purchases made by top business executives and celebrities. [Image text:] 21 BORRETT ROAD