It’s Déjà Vu All Over Again For Hong Kong Property

A unit at luxury condo 39 Conduit Road in the Mid-Levels of Hong Kong has apparently been sold for HK$93,000 per square foot, a record price for Asia.

The extravagant units boast panoramic Victoria Harbour and Peak views. The unidentified buyer is said to have paid HK$433.8 million for a 4,664 square-foot apartment on the 45th floor of the building.

According to the developers website 39 Conduit Road units exemplify extravagant living with private swimming pool and Jacuzzi on the roof deck. Kitchens are meticulously equipped with Bulthaup kitchen cabinets, Sub-Zero fridge and wine cellar, Miele electrical appliances, while Jacuzzi bathtub in the master bathroom pampers the mind and soul.

However in spite of the eye watering price for this unit analysts predict that residential sales will continue to soften in Hong Kong as mortgage lending parameters are tightened.




Top stories from across the globe

  • The Future of Banking: Truth is Rarely Pure and Never Simple
  • Top Money Manager: «We Avoid Tesla Because of Elon Musk»
  • 1MDB and the Affected Banks: 100 Headlines
  • The Man Who Turned Down Marilyn Monroe
  • The Seven Conditions for Good Succession
  • The (Slow) Death of U.K. Investment Banks

PHOTO GALLERIES Networking Event Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary


Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with – email us on – All communication is completely confidential and strictly anonymous.