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Hong Kong’s luxury home market has seen record-breaking transactions as buyers’ confidence comes back.

Getty Images Hong Kong's property market is breaking yet another record. Wharf Holdings and Nan Fung Group sold a parking space for $1.3 million (around R17.6 million) at the luxury Mount Nicholson residential project, according to a person familiar with the matter who asked not be named discussing private deals. The price beat the previous record of R13.2 million for a spot in an office tower set in 2019. A Wharf representative said the company didn't have further information to provide on the sale. Hong Kong Economic Times reported on the sale of the parking spot earlier. Hong Kong's luxury...

Hong Kong Parking Spot Goes for $1.3 Million, Shattering World Record Amid Space Shortage On 6/3/21 at 12:07 PM EDT A parking spot in a luxury estate in Hong Kong sold for $1.3 million, breaking the record for the most expensive parking spot, which sold in 2019 for $1.29 million and is also in Hong Kong. Mount Nicholson, the epitome of extravagant living in Hong Kong, is a residential development in The Peak—a hill on the western half of Hong Kong Island. Developed by Wharf Holdings and the Nan Fung Group, parking spaces in the area are sold to the highest bidder, and the South China Morni...

Properties in Hong Kong are among the priciest in the world, and a luxury apartment in Mid-Levels—one of the city’s most upscale residential neighbourhoods—has now been crowned the most expensive in Asia. The apartment, which is known as part of the 21 Borrett Road luxury residential project by Hong Kong tycoon Victor Li’s CK Asset Holdings, was sold for a record-breaking US$59 million to an unidentified buyer on Monday, as first reported by Sitting on the 23rd floor of the 21 Borrett Road project, the 3,378 sqft flat comes with five bedrooms and various lavish amenities, including a...

Hong Kong developer sells Asia’s priciest apartment Shawna Kwan Save Share Hong Kong tycoon Victor Li’s CK Asset Holdings has sold a luxury apartment for a record-breaking $HK459 million ($75 million), another sign that the city’s upscale housing market is recovering. The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3378 square feet (314 square metres) translates into $HK136,000 a square foot, sale materials show. It broke the record made by another luxury development in Mount Nicholson in 2017, making it the most expensive apartment in Asia, acc...