Date
28 July 2017
Henderson land's 39 Conduit Road residential tower where a duplex unit was sold for a record high price. Photo: HKEJ
Henderson land's 39 Conduit Road residential tower where a duplex unit was sold for a record high price. Photo: HKEJ

HK luxury flat sold for over US$76 mln, marking new Asia record

A luxury duplex apartment in Hong Kong’s upscale Mid-levels area is believed to have been sold for HK$594 million (US$76.6 million), or HK$103,600 per square foot, marking a new record in Asia.

The transaction involves a new unit on the 46th floor of Henderson Land Development Ltd.’s (00012.HK) 39 Conduit Road tower, the Hong Kong Economic Journal reported.

The apartment, which comes with a rooftop facility, has an aggregate usable area of 5,732 square feet and was the largest unit in the building.

The property agency that handled the deal is said to have reaped over HK$20 million in commission fee. 

As of early, the transaction was yet to be registered on an electronic platform that logs sales of first-hand residential properties in the city.

However, sources at the commercial department of Centaline Property Agency have confirmed the deal, the paper said.

The buyer has to pay about HK$140 million in total stamp duty if he is not a Hong Kong resident.

Louis Chan, chief executive of the residential arm of Centaline, said he expects stronger demand from mainlanders for Hong Kong super luxury homes as the wealthy seek to protect themselves from a depreciating Chinese currency.

[Chinese version中文版]

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