HK$880m sale at The Legacy sets record for Hong Kong residential unit

A duplex unit at The Legacy, an ultra-luxury residential project in Mid-Levels West jointly developed by Henderson Land Development (0012) and New World Development (0017), has been sold for about HK$880 million, marking the highest price of the single residential unit in Hong Kong.

The first flat is sized 8,310 square feet and features a four-bedroom layout. The buyer also bought the nearby 2,773-sq-ft flat on the same floor for about HK$210 million. 

Based on the discounted transaction price of more than HK$880 million, the deal is about 44 percent higher than the HK$609 million paid for a duplex unit at Mount Nicholson Phase II, previously dubbed Asia’s most expensive home. However, the Mount Nicholson unit’s size is 4,217 sq ft, about half of The Legacy’s duplex unit.

Cynthia ZHONG