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Bloomberg
Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd sold a luxury apartment for a record-breaking $59 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 3,378 square feet translates into HK$136,000 per 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, according to Bloomberg Intelligence.
Situated in the exclusive Mid-Levels neighbourhood, the home comes with a private roof and a swimming pool. The transaction also included three parking spaces for the unidentified buyer. The purchase reflects recovering sentiment in one of the world’s priciest luxury residential markets.