04 May 2023
Transactions for luxury properties
Hong Kong's economy is gradually returning to normal, which has led to an improvement in the atmosphere of the property market, and a series of transactions have been recorded for luxury residential properties. Among them, a top-floor duplex unit in SPYGLASS HILL, a low-density mansion in Repulse Bay, recently changed hands for 94 million with 1 parking space, and the price per square foot is more than $32,000, about $30534.
According to market sources, SPYGLASS HILL, located at No. 96 Repulse Bay Road, has rarely been put on the market, but the latest penthouse duplex unit, with an area of 2,922 square feet, a roof area of 2,921 square feet, and 5 rooms, was sold at $108 million, attracting buyers. After negotiating the price, it was finally sold for $94 million including a parking space, at a price of about $32,170 per square foot. It is understood that the original owner of the unit purchased it for $48.5 million in June 2007, and resold it after holding the goods for about 16 years. The book profit was $45.5 million, and the value of the unit increased by 94% within the period.
According to the news, Room 47 on the middle floor of Tower 7 of Hong Kong Parkview in Tai Tam, with an area of 1,441 square feet, 3 bedrooms and 2 suites, was recently sold for $44 million with 1 parking space, and the price per square foot is about $30,534; a top floor with a rooftop in Redhill Peninsula in the same district Unit B, with an area of 1,013 square feet and a roof area of 924 square feet, recently changed hands for $29.38 million with 1 parking space, and the price per square foot is about $29,003.
A duplex apartment in Room A, high-rise, Block 2, Bel-Air Bay Phase 6, Pokfulam, with an area of 2,192 sq., was sold for $37.483 millions.