Wheelock Properties Sells Priciest Flat in Asia: SCMP

A Hong Kong flat has set an Asian price record, The South China Morning Post reported.

The 4,500 square foot apartment in Wheelock Properties’ luxury residential Mount Nicholson at The Peak project and three car parking spaces were sold for HK$639.8 million ($82 million), or HK$140,800 per square foot.

Analysts said an expected reopening of Hong Kong’s boundary with mainland China is likely to boost Hong Kong’s real estate market. The buyer was not identified.

Read the full report: South China Morning Post

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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