World's most expensive home for sale in Hong Kong - KAIT Jonesboro, AR - Region 8 News, weather, sports

World's most expensive home for sale in Hong Kong

The world's most expensive home has a "for sale" sign out front in Hong Kong. (Source: Twelve Peaks/Sun Hung Kai website screenshot) The world's most expensive home has a "for sale" sign out front in Hong Kong. (Source: Twelve Peaks/Sun Hung Kai website screenshot)
  • InternationalMore>>

  • Irish turn attention to parliament as abortion ban voted out

    Irish turn attention to parliament as abortion ban voted out

    Sunday, May 27 2018 3:53 AM EDT2018-05-27 07:53:48 GMT
    Sunday, May 27 2018 3:53 AM EDT2018-05-27 07:53:48 GMT
    Attention is turning to Ireland's parliament now that the country's citizens have voted in landslide numbers to remove the abortion ban from its constitution.
    Attention is turning to Ireland's parliament now that the country's citizens have voted in landslide numbers to remove the abortion ban from its constitution.
  • The Latest: Trump says Korea talks "going along very well'

    The Latest: Trump says Korea talks "going along very well'

    Saturday, May 26 2018 7:23 AM EDT2018-05-26 11:23:22 GMT
    Sunday, May 27 2018 3:10 AM EDT2018-05-27 07:10:29 GMT
    (AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...(AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...
    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with...
    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with President Donald Trump.
  • Ebola vaccinations begin in rural Congo on Monday: Ministry

    Ebola vaccinations begin in rural Congo on Monday: Ministry

    Saturday, May 26 2018 6:03 AM EDT2018-05-26 10:03:12 GMT
    Sunday, May 27 2018 3:09 AM EDT2018-05-27 07:09:49 GMT
    Congo says confirmed Ebola cases rise to 35, with 10 deaths, as vaccinations continue.
    Congo says confirmed Ebola cases rise to 35, with 10 deaths, as vaccinations continue.

HONG KONG (RNN) – If you’re looking for affordable luxury housing, do not look in Hong Kong.

According to Wall Street Journal Asia, the world’s most expensive home, per square feet, is on the market in the elite Hong Kong neighborhood of Victoria Peak.

The home, developed by Sun Hung Kai Properties, is listed as House No. 1 at Twelve Peaks and is priced at a whopping $105.7 million, or HK819.1 million Hong Kong dollars.

The newly-built home boasts four bedrooms, a private pool, a two-car garage, a rooftop terrace and a garden in the 4,661-square foot home. The home would also have a gorgeous view of Victoria Harbor from Hong Kong's highest point, also known as Mount Austin or to locals as The Peak.

The prospective homeowner would be purchasing the home at $22,670.20 per square foot.

Also located on Victoria Peak is the current most expensive home ever bought – a 5,989-square foot home that cost $103.2 million, or HK$800 million – was sold in 2011.

Sun Hung Kai Properties, who says they are “building homes with heart,” is Hong Kong’s second-biggest developer by market value, according to Bloomberg.

According to the Twelve Peaks’ price list, a potential buyer will also have to pay a 5 percent down payment as part of a preliminary agreement.

An added bonus to those seeking upscale living in the bustling region of China, WSJ Asia says a buyer who makes an offer for the home in the first five months will receive a 3 percent discount. The property developers are also offering an “early-bird buyer an 11.75 percent rebate.”

These discounts come courtesy of slumping real estate numbers across Asia, especially in markets with numerous luxury real estate properties.

If you’re looking for something a little cheaper, auctioneers Sotheby’s has several homes in Hong Kong listed on its website.

Follow me on Twitter @TanitaG_RNN.

Copyright 2014 Raycom News Network. All rights reserved.

  • Region 8 Responds

  • Would you buy this home in Hong Kong - even if you had the money?

  • Thank you for participating in our poll. Here are the results so far:

    Yes
    11%
    55 votes
    No
    89%
    435 votes
Powered by Frankly