CK Asset Holdings, a property developer led by Hong Kong billionaire Li Ka-shing, has sold a penthouse in Mid-Levels for HK$362 million (US$46.2 million). This sale sets a new record for the highest price per square foot in a first-hand transaction this year. The 2,911 sq ft unit at 21 Borrett Road was sold via public tender and features a five-bedroom layout. The developer cited investor diversification due to global uncertainties as a factor driving demand for scarce, ultra-luxury residences in Hong Kong. AI
RANK_REASON This is a real estate transaction, not an AI-related development.
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