Hong Kong Apartment Sale Highest in Asia

A luxury apartment in Hong Kong’s exclusive Peak district has sold for USD17, 000 per square foot making it Asia’s most expensive residential real estate by area.

The unidentified buyer purchased two adjoining apartments for a total of USD220 million with the square footage record broken by the smaller of the two which sold for USD80 million.

Hong Kong is currently experiencing a huge boom across all areas of real estates, most notably commercial were rates remain the highest in the world and residential where new records continue to be set. Secondary residential prices have risen 11 percent in the last 12 months alone.

A calculation by Knight Frank showed that for an individual earning the median income wage in Hong Kong, it would take them 2,745 years to purchase the record breaking property on the Peak.

- Video Advertisement -

Related Post

How Bentley Systems Software Transforms Utility Vegetation Management

As power grids face increasing demands and higher operating temperatures, utilities are rethinking how they handle vegetation management to prevent outages and wildfires. Experts emphasize that traditional, static inspections are no longer enough because high temperatures, wind, and ice cause power lines to sag and shift significantly under real-world conditions. To address this challenge, utilities […]

Australia Drives $10 Million Investment to Catalyze Cambodia’s Cashew Processing Potential

Partnering with global agribusiness leader Olam Food Ingredients, the initiative aims to expand daily processing by 80 metric tons, recover over $125 million in lost annual revenue, and protect local farmers from market volatility In a strategic move to unlock the value of Cambodia’s agricultural sector, Australia is driving an investment initiative of up to […]

APD Global Streamlines Perth Power Infrastructure Upgrade Using Bentley Systems

APD Global ធ្វើទំនើបកម្មប្រព័ន្ធអគ្គិសនីនៅក្រុង Perth ឡើងវិញដោយប្រើកម្មវិធីទាំងនេះ… ក្រុមហ៊ុន APD Global កំពុងធ្វើទំនើបកម្មប្រព័ន្ធអគ្គិសនីរបស់ទីក្រុង Perth ឡើងវិញ ដោយប្រើប្រាស់កម្មវិធីសំណង់ឌីជីថលរបស់ក្រុមហ៊ុន Bentley មួយចំនួន។ គម្រោងនេះមានឈ្មោះថា PTA Sutherland St. Load Upgrade  ដែលជាគម្រោងខ្នាតធំតម្លៃជាង ២៥ លានដុល្លារអូស្ត្រាលី  ហើយគ្រោងនឹងបញ្ចប់ក្នុងឆ្នាំ ២០២៧។ ដើម្បីអនុវត្តគម្រោងដ៏ធំនេះ ក្រុមហ៊ុនសម្រេចប្រើប្រាស់វិស្វកម្មឌីជីថលមួយចំនួនរួមមាន Bentley Descartes, Bentley LumenRT, iTwin Capture, MicroStation, OpenUtilities Substation, ProjectWise និង Promis.e។ ក្រុមហ៊ុនជាដំបូងប្រើប្រាស់ MicroStation សម្រាប់ការគូសប្លង់ដំណាក់កាលដំបូងឱ្យត្រូវ និង អនុលោមតាមបទដ្ឋាន បន្ទាប់មកប្រើ OpenUtilities Substation និង Promis.e ដើម្បីជួយសម្រួលដល់ការរចនាមុខងារអគ្គិសនី និងបណ្តាញសាធារណៈដ៏ស្មុគស្មាញ។ លើសពីនេះ ដើម្បីចាប់យកស្ថានភាពទីតាំងជាក់ស្តែង ក្រុមការងារបានប្រើប្រាស់ iTwin […]

Ministry of Environment Accelerates Development of “Te Teuk Pus” Natural Hot Springs into Green Destination in Kampong Speu

Led by Minister Eang Sophalleth, the project aims to establish sustainable tourism infrastructure, uplift local indigenous livelihoods, and safeguard rare thermal waters and surrounding biodiversity The Royal Government of Cambodia, through the Ministry of Environment, is advancing plans to transform the “Te Teuk Pus” natural hot springs into a premier green relaxation destination in Kampong […]

Malaysian Dairy Giant Farm Fresh Injects $68 Million to Build Cambodia’s Largest Dairy Farm in Pursat

In partnership with Alpha Group and Sonavith Co., Ltd., the 1,000-hectare integrated project will feature international-standard cattle farming and milk processing to boost domestic supply and create local jobs Cambodia’s agricultural sector is set for a historic transformation as Malaysian dairy leader Farm Fresh Berhad (Farm Fresh Malaysia), in collaboration with Cambodia’s Alpha Group and […]

AI Revolutionizes Infrastructure Design: Bentley Systems Software Recreates Engineering Marvel

Bentley Systems engineer successfully recreated the historic Quebec Bridge—the world’s longest cantilever span—in just days using AI-driven workflows. By integrating AI agents with Bentley’s MicroStation design platform and STAAD structural analysis software, the project showcased a new era of efficiency in infrastructure design. The breakthrough relies on the MicroStation Model Context Protocol (MCP) server, a […]