Key facts
- CK Asset Holdings sold a penthouse in Hong Kong's Mid-Levels.
- The penthouse sold for US$46.2 million.
- The sale set a record for the highest price per square foot for a first-hand transaction this year.
- The sale reflects strong demand in the ultra-luxury property segment.
- CK Asset Holdings is chaired by Li Ka-shing.
CK Asset Holdings, a property developer led by Li Ka-shing, has completed the sale of a penthouse located in Hong Kong's Mid-Levels district. The transaction fetched US$46.2 million, establishing a new benchmark for the highest price per square foot achieved in a first-hand property sale during the current year. This significant sale underscores the persistent strong demand observed in the ultra-luxury segment of Hong Kong's real estate market. The record price achieved for the penthouse reflects the developer's success in capitalizing on the high-end market, indicating a healthy appetite for premium residential properties among affluent buyers.