CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark
CK Asset Holdings sold a penthouse in Hong Kong’s Mid‑Levels for US$48.5 million, establishing a new pricing benchmark for the city’s luxury market. The transaction highlights strong demand for high‑end residential properties despite broader market volatility. Industry observers see the sale as an indicator of continued confidence among affluent buyers in Hong Kong’s prime real estate.
- ▪The penthouse was sold for US$48.5 million, the highest price recorded for a Mid‑Levels residence in recent years.
- ▪The property is located in the Mid‑Levels, a prestigious neighbourhood known for its panoramic city views and proximity to central business districts.
- ▪The sale sets a new benchmark price per square foot for luxury apartments in Hong Kong, influencing future listings and valuations.
- ▪CK Asset Holdings, a major property developer, reported the transaction as part of its portfolio diversification strategy.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.