Co-developers Emperor International Holdings Ltd, CC Land Holdings Ltd, Mingfa Group International Co and CSI Properties Ltd sold the six-bedroom home in new project No. 15 Shouson in Shouson Hill, via tender on Sunday, according to a statement by the companies (File pic shows HK skyline)
HONG KONG: A new house in Hong Kong was sold for HK$870mil (US$111mil or RM488.4mil), the highest price this year, buoying the city’s slowing luxury market.
Co-developers Emperor International Holdings Ltd, CC Land Holdings Ltd, Mingfa Group International Co and CSI Properties Ltd sold the six-bedroom home in new project No. 15 Shouson in Shouson Hill, via tender on Sunday, according to a statement by the companies. The companies did not identify the buyer.
The house, spanning 8,032 sq ft of floor area, has a private garden, swimming pool and parking space. Located on the southern side of Hong Kong Island, Shouson Hill is one of the city’s most exclusive neighborhoods, where some of the richest tycoons, including Li Ka-Shing, own properties.
The price represents the most expensive home transaction in Hong Kong this year, according to Centaline Property Agency Ltd principal sales director Louis Ho.
Transaction volumes for secondary luxury homes in upscale neighbourhoods in the Peak and Southern District dropped 58% in the first half from a year earlier. — Bloomberg
