A look at the world’s most expensive listing

The Hong Kong mansion is asking $22,675 per square foot

New York /
Aug.August 17, 2014 02:00 PM

London and New York may have some of the most expensive real estate in the world, but they don’t come close to Hong Kong, which boasts the most expensive home (on a square-foot basis) on the planet.

No. 1 Twelve Peaks in Hong Kong’s exclusive Victoria’s Peak neighborhood is a 4,661-square-foot home that is asking $22,675 per square foot – or $105.7 million. However, a buyer that acts in the next five months will receive a 3 percent discount.

And developer Sun Hung Kai is also offering the early-bird buyer an 11.75 percent rebate on the 15 percent buyer’s stamp duty, according to the Wall Street Journal.

But for the money the amenities seem pretty paltry: just four bedrooms, a private pool, a garden, rooftop terrace and a two-car garage.  [WSJ | Zero Hedge] Christopher Cameron


Related Articles

arrow_forward_ios
A photo illustration of No. 15 Shouson Hill Road West in Hong Kong (Emperor International Holdings Limited, iStock)
Hong Kong’s priciest 2022 home fetches $111M
Hong Kong’s priciest 2022 home fetches $111M
The amount of vacant office space in Hong Kong is at an all-time high, and new buildings are still on the way. (Getty)
Hong Kong has more vacant office space than ever before — with more on the way
Hong Kong has more vacant office space than ever before — with more on the way
In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes
The Mount Nicholson complex (Wheelock Properties)
Hong Kong condo sells for $18K psf, most ever in Asia
Hong Kong condo sells for $18K psf, most ever in Asia
The construction site of Pavilia Farm III (Wpcpey/Wikimedia)
2 Hong Kong resi towers to be demolished over defects
2 Hong Kong resi towers to be demolished over defects
A rendering of Pavilia Farm III and CK Asset Holdings chair Victor Li Tzar-kuoi (The Pavilia Farm 360, Getty)
Hong Kong housing prices race toward record highs
Hong Kong housing prices race toward record highs
Hong Kong's Dragon Lodge. (HK Urbex)
Hauntings and superstitions keep some of Hong Kong’s desirable properties empty
Hauntings and superstitions keep some of Hong Kong’s desirable properties empty
The parcel of land in Causeway Bay (Google Maps)
Hong Kong sells Causeway Bay site for $2.5B
Hong Kong sells Causeway Bay site for $2.5B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...