Friday, 8 August 2014

Fact of the Day: Hong Kong's Most Expensive Real Estate

The homes at 12 Kellett Road on The Peak -- who will buy the first one?
Looking for a place to live? Hong Kong's most expensive real estate to date has come on the market.

It's the 12 houses at Twelve Peaks on 12 Mount Kellett Road on The Peak for a record HK$175,735 ($22,672) per square foot. The first house, No. 1 is the most expensive, selling for HK$819.1 million.

"The decoration cost of No. 1 is nearly equivalent to 10 percent of the selling price. It will probably be the most expensive house in the world per square foot if it fetches that amount," says Victor Lui Ting, deputy managing director at Sun Hung Kai Properties, the company selling the dozen homes.

On paper, it doesn't seem like Hong Kong's economy has any problems, does it?

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