A luxury home in The Peak, Hong Kong’s most exclusive neighborhood, has sold for HK$1.164 billion (about US$149.2 million), the developers announced Tuesday.
The buyer for the 9,178-square-foot (853 square meter) residence was not identified. The transaction has yet to appear in the government’s online registry.
The four-bedroom home boasts a private swimming pool, terrace, courtyard, two-car garage, and views of the Victoria Harbour and city skyline.
Hong Kong has that #1 spot. The Chinese city was the world's top ranked #luxuryrealestate market in 2016 https://t.co/Vq1966iEPS pic.twitter.com/j9TImZNuVb
— Mansion Global (@MansionGlobal) May 11, 2017
This is the second HK$1 billion-plus sale in the luxury residential development on Mount Nicholson Road, developed by Nan Fung Development Ltd. in partnership with Wheelock Properties Ltd.
Last December, a limited liability company, Giant Victory Holdings, purchased the largest, 9,950-square-foot residence for HK$1.08 billion, public records show.
Phase I of the projectwill have 17 two-to-four-story residences, ranging in sizes from 7,042 square feet to 9,950 square feet, according to company filings. At least eight of the houses were sold with prices starting at HK$525 million (US$67 million), according to latest statistics.
Phase II and III will include fourapartment towers andtwo single-family houses.
The most expensive residential sale on record in Hong Kong belongs to another home in The Peak. Hongtian Chen, chairman of Shenzhen-based real estate developer Cheung Kei Group, bought a 9,212-square-foot house on Gough Hill Road for HK$2.1 billion (about US$270 million) last June.
More:The Peak: Secluded Luxury High Above Hong Kong
Ranked the world’s top luxury market in 2016 by Christie’s International Real Estate, Hong Kong registered four US$100 million-plus sales last year.
The Peak, the area surrounding Victoria Peak, the highest point in Hong Kong, is home to the wealthiest Hong Kong and Chinese business moguls. Chinese e-commerce giant Alibaba’s founder Jack Ma reportedly owned a HK$1.5 billion residence in the neighborhood.