At Rs 420 crore, luxury flat in Hong Kong becomes most expensive penthouse to go on sale in Asia

Recently, a five-bedroom penthouse in Hong Kong has been sold for a whopping USD 59 million (Rs 42,83,78,35,00) to an unidentified buyer in Hongkong.

No matter where you live in the world, buying your own property in today's day and age is a pricey affair. Real estate, across the globe is evolving with every passing day, and so is the price tag on these properties. Recently, a five-bedroom penthouse in Hong Kong has been sold for a whopping USD 59 million (Rs 42,83,78,35,00) to an unidentified buyer. Let's take a look at what makes this penthouse so special.

The neighbourhood

3/5

According to Luxe Living Asia, the 23-story luxury residential building at 21 Borrett Road, in the exclusive mid-levels, is a prosperous residential locality that is surrounded by upscale restaurants and offers panoramic views of Victoria Harbour. According to Homewise Realty, the firm which markets the property, 21 Borrett Road which was completed in 2020, is a complex which consists of five-residential buildings with 181 units.

The developer

4/5

The seller is Hong Kong tycoon, Victor Li, the chairman of CK Asset Holdings, a property developer valued at about $23 billion. He's the son of Hong Kong's second-richest man, Li Ka-shing, who according to Forbes, has a net worth of $36.7 billion. 

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