CK Asset's (1113) Phase 2 of its 21 Borrett Road project in Mid-Levels sold a penthouse by tender for HK$362 million, or HK$124,356 per square foot, setting the record-high per-sq-ft price for first-hand residential property in Hong Kong this year.
The five-bedroom flat measures 2,911 square feet, with the rooftop and terrace spanning over 2,000 sq ft.
The launch of the project immediately captivated homebuyers, signaling massive potential in the super-luxury properties market, said William Kwok Tze-wai, chief manager of Sales at CK Asset.
With Hong Kong's property market maintaining its steady upward momentum and the supply of extra-luxury homes remaining scarce, such properties naturally become prime targets for investors, he added.
CK Asset's sales manager Kristy Chan Wing-chi noted that the project offers only two penthouses that are linked to the rooftop and a very limited number of special units, with the sold apartment being among them.
