Hong Kong luxury home sells for HK$577 million after border reopens
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A NEW mansion in Hong Kong has sold for HK$577 million (S$98 million) in a sign that activity in the luxury property market is starting to pick up following the reopening of the city’s borders.
The house at the Mount Nicholson project on Hong Kong Island sold for HK$82,000 (S$13,917) per square foot (sq ft), data from Centaline Property Agency showed.
The home spans 7,042 sq ft (654 square metres) and has four bedrooms, a swimming pool, a garden and a parking space. Records did not show the identity of the buyer. The sale was earlier reported by Ming Pao newspaper.
The last new house to be sold at the Mount Nicholson site was in May 2019, when an 8,674 sq ft (806 sq m) house went for HK$916 million, or HK$105,000 per sq ft, as indicated by Ming Pao. BLOOMBERG
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