Hong Kong saw the record for per square foot prices of luxury homes being set a couple of times in 2021.Most of these transactions were concentrated in two areas: Mount Nicholson on The Peak and 21 Borrett Road in Mid-Levels.Nan Fung Development and The Wharf (Holdings) paid HK$10.4 billion (US$1.33 billion) for the Mount Nicholson site in an auction in July 2010. At HK$32,014 per square foot, it was the third-highest land price in the city’s history at the time. Analysts had expected it to…
Source : South China Morning Post
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