Hong Kong’s luxury property market continues to post record numbers with the latest leasing contract.
A 10,804 square foot home in the city’s wealthiest district was rented out for HK$1.35 million per month, according to a statement from local developer Wharf Holdings.
This is a record figure, according to a «Bloomberg» report citing real estate agency Centaline.
The house overlooks the Victoria Harbor and comes with a private garage, garden and internal elevator. Wharf has seven of these units in the area with plans to sell four and lease the rest.
Anonymous Record-Setters
The unnamed tenant marks the second anonymous record-setter in weeks for Hong Kong’s property market.
Last month, a 3,378 square foot home in the same district sold for a record figure of nearly $60 million.
Despite political uncertainty and an ongoing pandemic, Hong Kong continues to top rankings as the most expensive property market. According to a recent think tank report, the city’s homes were the least affordable worldwide for the 11th consecutive year.
