Gehry's Opus secures second record Hong Kong apartment price in three months
A buyer has paid HK$68,083 per square foot (A$90,546 per square metre) for a luxury flat at Opus Hong Kong, the new Frank Gehry-designed residential building in Mid-Levels East.
It represents a record for an apartment in Hong Kong, and Asia, in terms of price per square foot.
The official data from the Hong Kong Lands Registry shows the flat, on the ninth floor of the building at 53 Stubbs Road, was sold for HK$455 million (A$56 million) on October 17.
The 6,683-square-foot flat offers a view of the city and Victoria Harbour.
The price beat the previous record, set by a duplex flat at 39 Conduit Road in Mid-Levels West, which sold for HK$360.7 million, or HK$63,999 per square foot in April last year, according to The South China Morning Post.
The price is almost 6% higher than that paid for the eighth floor Opus Hong Kong offering which sold for HK$430 million or HK$63,657 per square foot in August.
The 12-storey Opus Hong Kong, developed by Swire Properties, has 10 flats and two double-level garden apartments with private swimming pools.
The purchase came nine days before the government announced measures to curb residential property speculation.
Ricky Poon, executive director of Colliers International's residential sales department, says sales of luxury flats have dropped significantly since the end of October as the new stamp duty had kept many mainland buyers away.
"Transaction numbers will drop a further 30 to 40% in the coming three to six months and prices will fall 10 to 15% in the coming six months," he told the SCMP.
The best of everything at Portside Wharf
The Mark at Sydney's Central Park
New data confirms two things we’ve been tipping: the decline of Gladstone and the rise of Rockhampton.
Brought to you by: Caydon
Atria Apartments in Hawthorn offers buyers an opportunity to invest in one of Melbourne’s finest suburbs.
The schools that ate Sydney: no stopping prestige school expansion as they buy up the neighbourhoods
Consumer confidence, funding and lack of development sites the biggest challenges for commercial property businesses: NAB index