Hong Kong Luxury House Sets Record With $2.5 Million Yearly Rent
(Bloomberg) -- Hong Kong’s luxury real estate sector continues to hit new highs, defying a declining rental market in the city.
A house on 73 Mount Kellett Road on the Peak was leased for HK$1.6 million ($206,000) a month, Hong Kong Economic Times reported, citing unidentified sources. That translates into about $2.5 million a year for the tenant.
The amount surpassed the previous record that was just set two months ago, signaling robust demand among the richest tenants in the world’s most expensive property market.
The five-bedroom house comes with a private elevator and a garden of 7,000 square feet (650 square meters).
©2021 Bloomberg L.P.