Sunday, 18 November 2012

Fact of the Day: Asia's Most Expensive Flat

Opus Hong Kong designed by Frank Gehry
There's a funky building on 53 Stubbs Road in Mid-Levels East with columns that twist upwards.

It's called Opus Hong Kong and was designed by starchitect Frank Gehry, developed by Swire Properties.

And while the building has a unique design, it also has the reputation of having the most expensive flat in Hong Kong and Asia.

Last month a buyer paid HK$68,083 ($8,782) per square foot, or HK$455 million for 6,683 square feet.

It beat the previous record set by a duplex flat at 39 Conduit Road in Mid-Levels West for HK$360.7 million or HK$63,999 per square foot last April.

The 12-storey building has only 10 flats and two double-level garden apartments with private swimming pools. The spaces range from 6,000 to 6,900 square feet.

Apparently the unidentified buyer snapped up the flat because there aren't many flats that are 6,000 square feet. Do you really need that much space? Even a large house for a family in North America is over 3,000 square feet.

With over 6,000 square feet to fill, the living room is huge
We're just gobsmacked at how much money there is in the city, but then again that's what keeps it humming too.

So while first-time buyers are constantly edged out of the market due to rising property prices, the uber rich have no qualms dropping hundreds of millions of Hong Kong dollars for a flat.

Does anyone else feel like a second-class citizen here?

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