21 BORRETT ROAD 4-Bed Unit Sells for HK$161M via Tender at HK$74,600 psf
AM730 · 2 SOURCESabout 2 hours ago5 MIN
Summary
CK Hutchison Holdings (stock code: 1113) subsidiary Cheung Kong Property has sold a luxury unit at its 21 BORRETT ROAD development in Hong Kong's Mid-Levels area. The 16th-floor unit, designated 05, was sold through a tender process on Friday, October 30, 2026, for over HK$161 million. The 2,166-sq-ft four-bedroom dual-suite residence with storage room and two parking spaces achieved a price of approximately HK$74,600 per square foot. Industry observers suggest the transaction underscores persistent demand from wealthy buyers seeking top-tier residential assets in Hong Kong's most prestigious neighborhoods.
Key Points
- The 16/F 05 unit at 21 BORRETT ROAD Phase 1 spans 2,166 square feet and features a four-bedroom dual-suite layout with storage room, plus two parking spaces
- The transaction exceeded HK$161 million, translating to approximately HK$74,600 per square foot, positioning it among Hong Kong's highest-priced residential transactions
- Cheung Kong's Sales Manager Chan Wing-chi (陳詠慈) stated that the project has long been favored by affluent buyers due to its unparalleled location and privacy features
- Phase 1 comprises 115 residential units, including 106 standard units ranging from 2,154 to 2,945 square feet in four- and five-bedroom configurations
- Limited special units feature front courtyards or rooftop terraces with private pools, with sizes ranging from 2,075 to 3,378 square feet
Why It Matters
This deal signals continued confidence among ultra-high-net-worth individuals in Hong Kong's luxury real estate market, particularly for properties offering exclusivity and privacy in prime locations. The strong demand reflected by this transaction suggests that top-tier residential assets in Mid-Levels are likely to remain sought-after, potentially sustaining or elevating values in this ultra-luxury segment.
This deal signals continued confidence among ultra-high-net-worth individuals in Hong Kong's luxury real estate market, particularly for properties offering exclusivity and privacy in prime locations. The strong demand reflected by this transaction suggests that top-tier residential assets in Mid-Levels are likely to remain sought-after, potentially sustaining or elevating values in this ultra-luxury segment.