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Luxury Home in Beacon Hill Sells for HK$185 Million, Sets a New Record of HK$43,245 per Sq Ft

Squarefoot 編輯部  2025-02-11  206 #講談樓市

The luxury property market in Hong Kong continues to see notable transactions. On February 10, Kerry Properties (0683) successfully sold a luxury apartment in its development, Mont Verra, at 3 Lung Kui Road, Beacon Hill.

The unit, located in Block 5, 1/F, Flat A, was sold for HK$185 million, making it the highest-priced single residential transaction in Kowloon in 2025 and the largest transaction so far in the Year of the Snake.

The sold unit is a fully renovated apartment with a usable area of 4,278 square feet, along with an additional 255-square-foot private front garden. It features a layout of four bedrooms, each with an en-suite bathroom, and includes two maid's rooms.

The transaction also comes with two residential parking spaces. The average price per square foot of the unit is approximately HK$43,245.

Mont Verra has so far sold 33 units, generating total sales revenue of over HK$9.9 billion.

The average price per square foot for the sold units stands at approximately HK$59,000, reflecting the sustained demand for high-end properties in Hong Kong.

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