Key facts
- CK Asset Holdings sold a penthouse in Hong Kong's Mid-Levels.
- The sale price was US$46.2 million.
- The transaction set a record for the highest price per square foot for a first-hand transaction this year.
- The sale demonstrates strong demand in the ultra-luxury property segment.
- Li Ka-shing chairs CK Asset Holdings.
CK Asset Holdings, a property developer led by Li Ka-shing, has successfully sold a penthouse located in Hong Kong's prestigious Mid-Levels district. The transaction was finalized for 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 and robust demand observed within the ultra-luxury segment of the Hong Kong real estate market. The deal reflects the continued appeal and value placed on prime residential properties in the city, even at the highest price points. The developer's ability to command such a record price indicates a healthy appetite for exclusive properties among discerning buyers.