CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark

A penthouse at CK Asset Holdings’ luxury residential project in Hong Kong’s Mid-Levels has been sold via tender for HK$380.77 million (US$48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city’s high-end residential segment. Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK$126,000 per square foot, the highest price for the development and for new home sales this year,...