Peak Luxury Duplex Sold for HK$124M at Record 53,059 Per Sq Ft
SingTao · 2 SOURCESabout 1 hour ago2 MIN
Summary
Hang Lung Properties' (0101.HK) ultra-luxury residential project The Mount on Stubbs Road has recorded another landmark transaction. A duplex unit on the 27th floor, spanning 2,337 square feet of saleable area and located at an altitude exceeding 218 metres on the "Sunlit Sea" floor, was sold together with a parking space for approximately HK$124 million, works out to a price per square foot exceeding HK$53,059 .
Key Points
- The property is located at 41C Stubbs Road in the Peak area, developed by Hang Lung Properties and designed by the renowned architectural firm DLN .
- The duplex unit occupies the 27th floor B flat on the "Sunlit Sea" floor, with a saleable area of 2,337 sq ft and a transaction price of approximately HK$124 million .
- The price per square foot reaches approximately HK$53,059, marking another milestone for Peak luxury properties .
- The project stands at a maximum altitude exceeding 330 metres, making it one of the most iconic residential landmarks on the Peak .
- The development employs a tuned mass damper system derived from maritime engineering concepts, combined with rooftop water tank dynamic response design to effectively reduce wind impact on the building .
Why It Matters
The transaction demonstrates sustained appetite for ultra-premium Peak residences among wealthy buyers, even as the broader Hong Kong property market faces headwinds. Hang Lung has indicated it will maintain its rental strategy for The Mount, citing confidence in the project's long-term potential amid persistent supply constraints for quality residences in the Peak district .
The transaction demonstrates sustained appetite for ultra-premium Peak residences among wealthy buyers, even as the broader Hong Kong property market faces headwinds. Hang Lung has indicated it will maintain its rental strategy for The Mount, citing confidence in the project's long-term potential amid persistent supply constraints for quality residences in the Peak district .