Recently, a five-bedroom penthouse in Hong Kong has been sold for a whopping USD 59 million (Rs 42,83,78,35,00) to an unidentified buyer in Hongkong.
No matter where you live in the world, buying your own property in today's day and age is a pricey affair. Real estate, across the globe is evolving with every passing day, and so is the price tag on these properties. Recently, a five-bedroom penthouse in Hong Kong has been sold for a whopping USD 59 million (Rs 42,83,78,35,00) to an unidentified buyer. Let's take a look at what makes this penthouse so special.
1. Most expensive apartment by square foot
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The Hong Kong penthouse was bought for $59 million in Asia's most expensive apartment sale by square footage. The penthouse, sold for a massive $17,542 per square foot, has broken the record held by another luxury property in Mount Nicholson in 2017.
2. The penthouse
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Sitting on the 23rd floor of the 21 Borrett Road project, the 3,378-square-foot penthouse is the development's largest unit and comes five bedrooms and lavish amenities like a private terrace, a swimming pool and three parking spaces.
3. The neighbourhood
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According to Luxe Living Asia, the 23-story luxury residential building at 21 Borrett Road, in the exclusive mid-levels, is a prosperous residential locality that is surrounded by upscale restaurants and offers panoramic views of Victoria Harbour. According to Homewise Realty, the firm which markets the property, 21 Borrett Road which was completed in 2020, is a complex which consists of five-residential buildings with 181 units.
4. The developer
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The seller is Hong Kong tycoon, Victor Li, the chairman of CK Asset Holdings, a property developer valued at about $23 billion. He's the son of Hong Kong's second-richest man, Li Ka-shing, who according to Forbes, has a net worth of $36.7 billion.
5. Few apartments on sale
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According to The Standard, the developer delayed the sales launch of the Road residences in August 2019 because of Hong Kong's pro-democracy protests. Currently, only a few of its apartments have been put on the market. Bloomberg reports that sale of the luxury penthouse could draw more potential buyer attention and boost sales of remaining units in the project.
(All images: Facebook/ 21 Borrett Road)
