presumably transitory until not, if not.
less alarming once converted into USD 18,051 per sft for the apartment, and US$ 1.5M for the parking space
In May, Mount Nicholson broke another world record by selling a single parking space for HK$11.9 million, the highest price even seen worldwide.
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Wheelock property on Mt Nicholson reclaims title for the most expensive flat in Asia in terms of square footage
Flat 16D and three car parking spaces on Mount Nicholson sold for HK$639.796 million, or HK$140,800 per square foot, a record in Asia The bumper price came right after news that Hong Kong’s border with mainland China will likely reopen as early as next month
The bumper price indicates Hong Kong’s luxury properties remain extremely sought-after by buyers even though the overall economy has not recovered from the impact of the pandemic last year and months of social unrest since mid-2019.
Mount Nicholson clubhouse Photo: Wheelock
“The record-breaking price came right after the news report that Hong Kong’s border could reopen as early as next month. This has given hope to wealthy mainlanders from the Greater Bay Area to come across the border and buy luxury homes in the city,” said Eric Tso Tak-ming, chief vice president of mortgage consultancy mReferral Corporation.
Vaccine tycoon spends US$1.3 million on Hong Kong parking bay
12 Jun 2021
Hong Kong‘s land border with the mainland will reopen fully to quarantine-free travel by June at the latest, official sources told the South China Morning Postthis week.
The scheme will entail a small pilot programme involving daily quotas in Guangdong province in December, followed by an expansion in February to allow “mass events”, a source said, reaffirming what Chief Executive Carrie Lam Cheng Yuet-ngor had suggested last week. A full border reopening will happen in June, or earlier, if all goes smoothly.
The facade at Mount Nicholson. Photo: Wheelock
“In addition, interest rates remain at their lowest levels on record while inflation pressure is looming. This has led those who can afford to pay the price to buy properties now, particularly luxury ones as supply remain limited. The outlook for the luxury market remains bullish,” said Tso.
Wharf to sell five Mount Nicholson flats days after bagging Peak site
25 Dec 2020
Mount Nicholson was developed by Wharf Holdings along with Nan Fung Development and comprises 19 detached houses and 48 flats in three phases. It has some of Asia’s most expensive homes in terms of square footage. Its location, reputation for build quality and celebrity buyers, has made it a much sought-after address for Hong Kong’s wealthy set.
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In May, Mount Nicholson broke another world record by selling a single parking space for HK$11.9 million, the highest price even seen worldwide. |
