One Stanley Sells House for Over HK$249 Million
Thestandard · 1 SOURCESabout 2 hours ago1 MIN
Summary
K&K Property's luxury residential project One Stanley has completed a significant transaction, selling a house via tender for over HK$249 million on Wednesday . This sale represents the third deal at the project to exceed HK$200 million this year, demonstrating sustained appetite for ultra-luxury properties in Hong Kong . The 4,689-square-foot residence fetched approximately HK$53,137 per square foot, reflecting the premium positioning of the Stanley-area development .
Key Points
- One Stanley sold a house via tender for over HK$249 million on Wednesday
- The transaction marks the third deal exceeding HK$200 million at the project this year
- The property spans 4,689 square feet, translating to about HK$53,137 per square foot
- Six transactions totaling more than HK$544 million were recorded at the project this month
- A total of 56 units have been sold to date, generating cumulative sales exceeding HK$5.9 billion
- K&K Property vice president of sales Kevin Ng and investment and sales director Tony Cheng oversaw the sales
Why It Matters
The HK$249 million transaction underscores the resilience of Hong Kong's ultra-high-net-worth property segment, even as broader market uncertainties persist .
The HK$249 million transaction underscores the resilience of Hong Kong's ultra-high-net-worth property segment, even as broader market uncertainties persist .