2025-06-25 28Hse Editor
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.
Like
