New Home on Hong Kong's Peak Sets Asian Record Price by Area
- Mount Nicholson villa Fetches $19,400 per square foot
- Price per square foot about 20% higher than similar property
Residential buildings in the Peak area of Hong Kong.
Photographer: Vivek Prakash/BloombergThis article is for subscribers only.
An unidentified buyer paid a record HK$151,785 ($19,400) per square foot for a new luxury house in Hong Kong’s exclusive Peak neighborhood, making it Asia’s most expensive by area, according to Knight Frank LLP.
The buyer shelled out nearly HK$1.4 billion Thursday for the 9,217-square-foot villa featuring four en-suite bedrooms, a swimming pool and elevator at its Mount Nicholson development, Wheelock Properties Ltd. said in an email. Another house in the development fetched HK$1.16 billion in November, at a price of HK$132,000 per square foot.