101 KINGS ROAD Penthouse Sold for Record $64.55M, Setting New Price psf Benchmark
SingTao · 2 SOURCESabout 3 hours ago2 MIN
Summary
Wang On Properties' 101 KINGS ROAD development in North Point achieved two significant transactions on Sunday, September 20, 2026, collectively valued at over HK$79.57 million. The headline sale involved a 31st-floor penthouse unit with exclusive rooftop access, which sold for HK$64.55 million—establishing new records for both total price and price per square foot within the project. A companion transaction for a standard two-bedroom unit on the 22nd floor brought the total daily sales to HK$79.573 million, representing the final standard two-bedroom unit type in the development .
Key Points
- The penthouse unit at 31/F, Flat A spans 1,291 square feet of saleable area, featuring a four-bedroom dual-suite layout with a storage room
- The 31/F unit includes a 36-square-foot private platform and a 953-square-foot rooftop terrace, making it the largest top-floor unit in the project
- The transaction price of HK$64.55 million translates to approximately HK$50,000 per square foot—both figures set new project records
- The companion sale at 22/F, Flat D covers 440 square feet in a two-bedroom layout with enclosed kitchen, priced at HK$15.023 million (HK$34,143 psf)
- Wang On executive director Cheng Tak-wan stated that the successful tender sale reflects strong buyer demand for premium waterfront properties with private outdoor spaces in core Hong Kong Island locations
- Project sales manager Wong Man-ho confirmed that all standard two-bedroom units are now sold out, with only four units remaining available
- The development has sold 247 units to date, achieving a 98% sales rate with cumulative proceeds exceeding HK$2.7 billion
Why It Matters
The penthouse sale at 101 KINGS ROAD demonstrates continued appetite for ultra-premium residential properties in Hong Kong's traditional core districts, particularly those offering rare amenities such as private rooftop terraces with unobstructed harbour views. With limited inventory remaining and the project approaching sellout, the record pricing validates developer confidence in commanding premium prices for trophy assets in the North Point corridor as the luxury market demonstrates resilience against broader economic headwinds .
The penthouse sale at 101 KINGS ROAD demonstrates continued appetite for ultra-premium residential properties in Hong Kong's traditional core districts, particularly those offering rare amenities such as private rooftop terraces with unobstructed harbour views. With limited inventory remaining and the project approaching sellout, the record pricing validates developer confidence in commanding premium prices for trophy assets in the North Point corridor as the luxury market demonstrates resilience against broader economic headwinds .