21 Borrett Road Phase 2 Four-Bedroom Unit Sells for Record HK$159 Million
Thestandard · 1 SOURCESabout 1 hour ago2 MIN
Summary
CK Asset Holdings Limited's (stock code: 1113) luxury residential development 21 Borrett Road phase 2 in Mid-Levels has achieved a landmark transaction, with a four-bedroom double-ensuite unit selling for over HK$159 million on Wednesday, 2 September 2026. The sale sets new records for both total transaction price and price per square foot among standard apartments in the project. The unit's achievement of HK$74,000 per sq ft underscores the continued appetite among ultra-high-net-worth buyers for premium residential properties in Hong Kong's most prestigious addresses.
Key Points
- CK Asset's 21 Borrett Road phase 2 in Mid-Levels sold a four-bedroom double-ensuite unit for over HK$159 million
- The 16th-floor unit spans 2,153 square feet with a price per sq ft reaching HK$74,000
- This transaction sets new highs for both total price and price per sq ft among standard apartments in the project
- Kristy Chan Wing-chi, sales manager at CK Asset, stated the record reflects strong demand from high-end buyers
- Chan expects quality properties to remain highly sought after in the luxury market segment
Why It Matters
The record-breaking sale at 21 Borrett Road signals that Hong Kong's ultra-luxury residential market remains resilient despite broader economic headwinds. As a bellwether for the high-end property segment, this transaction could influence pricing expectations and buyer sentiment across the luxury housing market, with developers likely positioning similar premium offerings to capitalise on sustained demand from affluent purchasers .
The record-breaking sale at 21 Borrett Road signals that Hong Kong's ultra-luxury residential market remains resilient despite broader economic headwinds. As a bellwether for the high-end property segment, this transaction could influence pricing expectations and buyer sentiment across the luxury housing market, with developers likely positioning similar premium offerings to capitalise on sustained demand from affluent purchasers .