Four-bedroom Hong Kong home hits market for $446 million
Don’t expect a palatial estate, though. The modestly sized house on just over a third of an acre comes with some 1990s decor.
HONG KONG — There’s expensive, and then there’s Hong Kong property expensive.
A four-bedroom house in the exclusive Peak neighborhood has hit the market for an eye-watering $446 million US dollars, which would make it the most expensive home sold in the city, if not the world. Villa Les Cedres, a 188-year-old, 14-bedroom mansion in the south of France, was listed last year for $409 million.
Don’t expect a palatial estate, though. The modestly sized house at 24 Middle Gap Road sits on 16,330 square feet of land, or just over a third of an acre, and comes with a swimming pool, parking for two cars, and some 1990s decor.
What it does offer is an exclusive address and a rare opportunity to buy land in one of Hong Kong’s most sought-after enclaves.
“It’s more about the land it’s on than the house itself,’’ said Lawrence Brown, a senior consultant at Executive Homes Hong Kong Ltd. “The house is quite old. If they are going to pay that much, they would probably knock it down or put another nicer house’’ there.
The Middle Gap Road house is currently leased to a tenant, according to Landscope Christie’s International Real Estate, which is listing the property
The stratospheric price suggests that while Hong Kong’s red-hot housing market may finally be cooling, there appears to be no limits at the very top end.
“There’s a feeling that the luxury sector won’t be affected even if there’s a downturn,’’ Brown said.
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