Apartment in HK's The Peak district sets record HK$132,000 psf price

Hong Kong

A LUXURY apartment in Hong Kong's exclusive The Peak district has gone for HK$560 million (S$97.2 million) or HK$132,000 per square foot, a new record in square footage terms for the world's already most expensive residential market.

The apartment, which measures 4,242 sq ft, is part of the Mount Nicholson project and was sold to an unidentified buyer, the South China Morning Post reported on Monday.