The world’s most expensive property market continues to break records with the latest sale of an apartment for more than $80 million.
A Hong Kong apartment in the luxury residential area of the Peak was bought for HK$640 million, according to developers and sellers Wharf Holdings and Nan Fung Development.
At 4,544 square feet, the property sold for over HK$140,800 per square feet, marking a new record high.
The unidentified buyer also bought an adjacent apartment for HK$561 million, or HK$134,000 per square foot.
Despite ongoing uncertainty in Hong Kong, be it the controversial national security law or its tight Covid policy, the city’s luxury residential market continues to break new records this year.
The last record-high price per square foot was HK$136,000 which was set in February this year through the sale of a 3,378 square foot home for more than $59 million.