HK apartment sells for psf record price of $17,000
November 21, 2017 - The Peak
An unidentified buyer paid HK$132,000 ($17,000) per square foot for a luxury flat in Hong Kong’s exclusive Peak neighborhood, making it Asia’s most expensive apartment by area, according to Bloomberg.
The psf price broke the record set by 39 Conduit Road of HK$105,000 two months ago. The Mount Nicholson price was 26 percent higher.
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.
Home prices have gained 10 per cent since January this year, according to the latest data released by the Rating and Valuation Department.
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