Properties / Luxury Homes

Hong Kong penthouses set record

Sun Hung Kai Properties, the world’s largest developer by market value, raised the price of two penthouses in Hong Kong by 50 percent to a record HK$75,000 ($9,700) a square foot as demand surges for luxury apartments. The units, situated on the 91st to 93rd floor of the 270-meter (886-feet) towers, will be offered for […]

Sep 19, 2009 | By Anakin

Sun Hung Kai Properties, the world’s largest developer by market value, raised the price of two penthouses in Hong Kong by 50 percent to a record HK$75,000 ($9,700) a square foot as demand surges for luxury apartments.

The units, situated on the 91st to 93rd floor of the 270-meter (886-feet) towers, will be offered for $38.5 million each.

They each have 4,000 square feet (372 square meters) on three floors, six bedrooms, an outdoor garden and a swimming pool.

The new price, in relation to floor area, make them the world’s second most expensive homes by that measure, trailing a penthouse in Monaco that was priced US$15,000 per square foot earlier this year.

Source: PropgoLuxury Properties Hong Kong Via Bloomberg