Hong Kong has broken records again for the most expensive residential property sold this time a brand new home in luxury development of 21 Borrett Road, in swanky residential neighborhood of Mid Levels Central
The apartment located on the 21st floor spans over 3,378 sq ft with five bedrooms and top end amenities such as swimming pool, club house facilities and with outstanding views panning across Hong Kong Harbor.
The transaction price is reportedly a staggering HK$459 Million or (USD 60 Million) which is equivalent to HK$ 136,000 (USD 17,530) per sq. foot making it the most expensive price paid for residential property in Asia.
Many experts are saying this sale signals strong confidence in Hong Kong’s future and a recovery of the luxury housing market amidst the pandemic