Mammoth Hong Kong Mansion Priced At $281 Million Joins The Ranks Of World’s Most Expensive Homes

The record of costliest properties on the market on the planet is ever-changing. In February, the Robb Report mentioned a penthouse atop New York Metropolis’s Central Park Tower, priced at USD 250 million, topped the choices. The following month quite a few publications put the Holme, a palatial 40-bedroom waterfront residence in London, forward of that at USD 300 million.

Regardless of the pecking order, nevertheless, the areas of those ultraexpensive residences stay pretty choose―Dubai, Hong Kong and Australia.

Ensconced in these higher echelons is a mega-mansion alongside Hong Kong’s Repulse Bay Highway priced at HKD 2.2 billion or about USD 281 million.

“This mansion is amongst the most costly properties throughout the metropolis,” says Letizia G. Casalino, govt director at actual property firm OKAY.com. “There aren’t many with this price ticket.”

Contributing to the associated fee is the dimensions. The gross sq. footage of inside and exterior house totals 18,274. There are 11 bedrooms and 11 bogs. An elevator accesses all 5 flooring.

Along with the terraces, backyard and rooftop, the mansion’s yard patio can accommodate greater than 100 visitors for large-scale occasions.

Additionally bolstering the asking worth is the prime location, Casalino says. “Throughout the Southern District, the value per sq. foot has been fairly regular inside HKD 90 to HKD 120.” Seashores and buying are inside strolling distance.

The model new mansion was constructed in 2019, earlier than the Hong Kong protests and rise of COVID-19, to enchantment to the ultrahigh-net-worth purchaser. “It was constructed when plenty of mainland Chinese language patrons, resembling Jack Ma or Pony Ma, purchased one of these trophy home,” she says.

In Hong Kong’s present tougher ultraluxury market, Casalino sees the potential for a wider purchaser pool. “Tycoons from everywhere in the world however the goal is mainland Chinese language or maybe ultrawealthy Hong Kong households. It’s going to most likely be for a big household or a household who can host plenty of occasions throughout the property.” The mansion’s exterior partitions are clad in pure stone. Arched home windows and ornamental particulars soften the symmetrical façade.

Inside particulars embody two grand staircases, marble flooring and black casement home windows. An automated gated entrance ensures safety with the storage and driveway accessible from inside.

Joshua Miller of OKAY.com is likely one of the brokers representing the property.

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