Hong Kong’s most expensive home is a megamansion in Repulse Bay priced at HK$2.2 billion (US$ 208 million). The 18,274 square feet property at 72 Repulse Bay Road has beat the previous record held by a four-storey detached villa on The Peak, which a Mainland Chinese buyer reportedly purchased for HK$1.2 billion (US$153 million) earlier this year.
The Repulse Bay five-storey town house with 11 bedrooms and eight bathrooms is priced at HK$120,389 (US$15,344) per square foot, according to its listing on Habitat Property.
It also comes with three car parks, an EV charger, and a terrace with views of the bay, as well as a private lift, garage and garden. Pictures on the website also show that the house has marble flooring and bathrooms, as well as two grand staircases and black casement windows.
The property was built in 2019, but the owner held off on selling it due to the social unrest the city experienced that year, as well as the Covid-19 pandemic that followed, according to a Mansion Global report.
However, property prices in Hong Kong have dropped, with the city’s median home price falling to 2017 levels, according to the 2023 Asia Pacific Home Attainability Index. This now makes the SAR the second-most expensive city in the region to buy a private home, after Singapore.
Header image credits: Habitat Property