21 BORRETT ROAD, Asia's leading property price per square foot

28Hse Editor  2021-03-16  #Transaction

(reporter Liang Yueqin) The luxury real estate market continues to take over. Cheung Kong's existing building at 21 Borrett Road, Mid-Levels, Hong Kong Island, has sold the top-floor "Tianchi House" at a price of 136,000 yuan per square foot following the first transaction in the middle of last month. After leaping into the "Asian House King", the "Tianchi House" on the top floor of Room 6 on the 23rd floor, which was added to the tender last week, closed its bid yesterday and sold for 377.3 million yuan with three parking spaces, and the price per square foot was as high as 126,000 yuan. The plate took the top and two positions of the "Asian House King".

The area of the unit sold yesterday was 2,995 square feet, another 2,069 square feet of roof, 536 square feet of forecourt, five bedrooms and three sets of partitions, and three parking spaces were sold for 37737 million yuan, and the price was 126,000 yuan per square foot. The buyer's transaction period is 270 days, the first 15% of the property price will be paid in three installments within 120 days after the signing of the contract, and the remaining 85% of the property price should be paid within 270 days after the signing of the contract. It is reported that buyers only need to pay 4.25% tax to enter the market in the name of first home buyers.

First home buyer bought Tianchi House for 370 million yuan

Statistics show that the unit has a monthly management fee of 32,000 yuan and a quarterly land tax of 22,653 yuan.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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