Only in Hong Kong – A 3 bedroom, 313 square meter Penthouse was sold for a whopping $59 million

Asia is home to several luxurious properties, one of which is this magnificent apartment in Hong Kong that was recently sold for $59 million. The transaction was completed by Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd. and is touted to be a record-breaking sale in the real-estate sector.

Spanning across 3,378 square feet, the luxe penthouse comes with its own swimming pool and three parking lots. It occupies the 23rd floor at the 21 Borrett Road project, one of the most luxurious housing schemes in the region.

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Complete with five bedrooms and a fleet of amenities, the apartment has broken the record made by another luxury development in Mount Nicholson in 2017 to become the most expensive apartment in Asia. The purchase also indicates the recovery trend of the city’s upscale housing market in recent times.

Prices of the upscale home had fallen by 8% in 2020, as per data from Jones Lang LaSalle Inc. However, given the recent purchases such as this one, the global luxury property market could well be on the road to recovery. Pandemic or not, here’s hoping for a real-estate bloom across the globe!

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[Via: Bloomberg]

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A lawyer with a zeal for writing, Ekta has a deep love for linguistics, travel, and philosophy. Not an adrenalin junkie but likes going on occasional hikes to beat the weekday blues. Her bucket list includes escapades to Vietnam, Cambodia, and Morocco.