Mount Beacon Penthouse Sells for HK$580M, Setting 2026 First-Hand Record
SingTao · 3 SOURCESabout 3 hours ago5 MIN
Summary
Kerry Properties' Mount Beacon (緹外) luxury development on Dragon Gate Road in Kowloon Mid-Levels achieved a landmark sale on January 30, 2026, when its Block 6 Penthouse A top-floor duplex with rooftop was sold by tender for HK$580 million. The transaction sets a new record for first-hand residential sales in Hong Kong for 2026, with the unit's price per square foot also establishing a new high for the project's stratified residential units. The buyer secured the four-bedroom, four-ensuite property along with three residential parking spaces.
Key Points
- Block 6 Penthouse A spans 7,403 sq ft of usable area plus a 1,931 sq ft rooftop terrace, sold for HK$580 million
- Price per square foot reached approximately HK$78,347, marking a new peak for Mount Beacon's stratified units
- The property features a four-bedroom, four-ensuite layout with three domestic helper rooms
- Mount Beacon comprises five residential towers and three exclusive villas offering 61 stratified units and three villas total
- The development has sold 54 units cumulatively, generating over HK$16.2 billion in total revenue at an average price of HK$58,000 per sq ft
- Eleven units have changed hands so far in 2026, with a combined transaction value exceeding HK$2.6 billion
- Nine stratified units and one additional rooftop duplex remain available for sale
- Each of the three villas includes over 10,000 sq ft of front and rear gardens, an outdoor swimming pool, private elevator, and garage
Why It Matters
This record-breaking sale signals continued demand for ultra-luxury residential properties in Hong Kong's prestigious Mid-Levels area, where limited supply and robust buyer appetite continue to support premium pricing . The transaction reinforces Mount Beacon's position as one of the most successful luxury developments in recent years, with the project's strong sales momentum likely to influence pricing expectations across the high-end residential market .
This record-breaking sale signals continued demand for ultra-luxury residential properties in Hong Kong's prestigious Mid-Levels area, where limited supply and robust buyer appetite continue to support premium pricing . The transaction reinforces Mount Beacon's position as one of the most successful luxury developments in recent years, with the project's strong sales momentum likely to influence pricing expectations across the high-end residential market .