ONE STANLEY Sky Penthouse Sold via Tender for HK$42.75 Million
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Sun Hung Kai Properties' Stanley waterfront ultra-luxury development ONE STANLEY sold a sky penthouse unit on Tuesday for HK$42.75 million via tender. The 1,215-sq-ft three-bedroom suite on the third floor of Block 8 was purchased by a local seasoned investor who plans to hold the property for long-term rental income, citing the project's prime Stanley seaside location and high-yield rental transactions. The developer expects to raise the project's internal price guide in September.
Key Points
- The unit at Block 8 3/F Room B at ONE STANLEY in Stanley's Wong Ma Kok Road sold for HK$42.75 million via tender on Tuesday
- The sky penthouse has a saleable area of 1,215 sq ft, featuring three bedrooms (one en-suite), a storage room, a private elevator lobby, and a rooftop
- The unit price reached approximately HK$35,185 per sq ft, with a 39-sq-ft balcony offering unobstructed sea views
- The buyer is a local investor residing in a traditional Hong Kong luxury neighborhood, seeking long-term investment returns
- ONE STANLEY has sold 51 units total, generating approximately HK$5.5 billion in transaction value, with only the Block 8 3/F Room A penthouse remaining
Why It Matters
The sale demonstrates sustained appetite among wealthy Hong Kong buyers for scarce new seafront luxury units, even as developers signal upward price adjustments. With only one penthouse left and multiple unit types sold out, ONE STANLEY's strong absorption rate reflects the limited supply of premium Grade-A luxury residences in Hong Kong's Southern District, reinforcing broader market confidence in the ultra-luxury segment .
The sale demonstrates sustained appetite among wealthy Hong Kong buyers for scarce new seafront luxury units, even as developers signal upward price adjustments. With only one penthouse left and multiple unit types sold out, ONE STANLEY's strong absorption rate reflects the limited supply of premium Grade-A luxury residences in Hong Kong's Southern District, reinforcing broader market confidence in the ultra-luxury segment .