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The Ticker

World’s most expensive home per square foot goes on sale

$105.7M doesn’t sound like a record until you look at the size

Hong Kong
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The property is listed with the charmingly Asian simplicity of House No. 1, located atop the Twelve Peaks development at 12 Mount Kellett Road in Hong Kong.

Listed at nearly $106 million, it’s not the single most expensive property period – that claim belongs to a property in London – but it is the single most expensive property based on price per square foot – a whopping $22,677 per square foot.

Developer Sun Hung Kai Properties is listing House No. 1 at its new Twelve Peaks development located in the city’s exclusive Victoria’s Peak neighborhood at 819.1 million Hong Kong dollars (US$105.7 million). If a buyer pays full price, it would represent a cost of HK$175,735 per square foot and would be the world’s most expensive home ever sold on a per square foot basis. It would also be the most expensive home ever sold in the city.

The recently constructed home spans 4,661 square feet, with four bedrooms, a private pool, a garden, rooftop terrace and a carport that can house two cars.

Hong Kong has broken its share of records before. The most expensive home sold to date in Hong Kong was a 5,989 square-foot manse on 10 Pollock’s Path, also located on the Peak. 

Source: MarketWatch
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