Courtesy of Sun Hung Kai Properties.
When the price per square foot metric in DC heads above $800 for homes in the city’s more desirable neighborhoods, the talk begins that DC is getting prohibitively expensive for anyone but the one percent.
But what if that cost was 22 times higher.
News came out last week via The Wall Street Journal that Hong Kong developer Sun Hung Kai Properties has listed a 4,661 square-foot home at its new Twelve Peaks development for $105.7 million. That works out to $22,677 a square foot.
Of course, Hong Kong is used to stratospheric home prices. From The Wall Street Journal:
Hong Kong has broken its share of records before. The most expensive home sold to date in Hong Kong was a 5,989 square-foot manse on 10 Pollock’s Path, also located on the Peak. That house sold for HK$800 million, or HK$133,578 per square foot, in 2011.
This article originally published at http://dc.urbanturf.com/articles/blog/22677_per_square_foot_in_hong_kong/8854
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