Ageing but prestigious address in Hong Kong country park poised for record-breaking sale.
By Property Report
The Peak in Hong Kong continues to represent the dizzying heights of residential real estate.
Landscope Christie’s International Real Estate is listing a four-bedroom house in the Hong Kong neighbourhood for HKD3.5 billion (USD446 million), potentially eclipsing the HKD2.1-billion sale of a property at 15 Gough Hill Road, also in the Peak, in 2016.
The home at 24 Middle Gap Road shatters the record asking price of EUR350 million set last year by the century-old mansion Villa Les Cedres along the coast of Saint-Jean-Cap-Ferrat in France.
Completed in 1991, the Middle Gap Road home has been the property of Chuang’s Consortium International Ltd since 2004. The purchase price was then estimated at HKD142 million, according to Land Registry documents via Bloomberg.
“The house is quite old. If they are going to pay that much, they would probably knock it down or put another nicer house,” Lawrence Brown, a senior consultant at Executive Homes Hong Kong Ltd, commented.
The 5,750 sq ft house sits amidst the dense woods of Hong Kong’s country parkland. The residence offers southside sea views in addition to vistas of wild greenery.
A maid’s room and utility room are included, along with 4.5 bathrooms.
The 16,330 sq ft plot hosts a “sizeable” swimming pool plus two covered car parks. The garden alone sprawls for 7,146 sq ft.
See a few more images of 24 Middle Gap Road, courtesy of Landscope Christie’s: