One Stanley Closes Two Luxury Home Sales Exceeding HK$205 Million
Thestandard · 1 SOURCESabout 1 hour ago1 MIN
Summary
K&K Property's One Stanley development in Stanley recorded two high-value transactions totaling over HK$205 million on Wednesday. A 3,059-square-foot four-bedroom house sold for HK$118 million, or HK$38,598 per square foot, establishing a new benchmark for both transaction price and price per square foot among comparable house types. A separate four-bedroom duplex was sold for HK$86.95 million, or HK$35,260 per square foot.
Key Points
- K&K Property's One Stanley development in Stanley completed two luxury home transactions exceeding HK$205 million
- The 3,059-sq-ft four-bedroom house fetched over HK$118 million, setting a new price record for similar units
- This property achieved HK$38,598 per sq ft, the highest price per square foot for comparable house types
- The four-bedroom duplex sold for HK$86.95 million at HK$35,260 per sq ft
- Developer has sold 53 units total, generating approximately HK$5.7 billion in revenue
Why It Matters
These record-breaking transactions at One Stanley underscore sustained strong demand for ultra-premium residential properties in Hong Kong's exclusive Stanley neighborhood, with the pricing milestones potentially influencing future valuations in the luxury housing market.
These record-breaking transactions at One Stanley underscore sustained strong demand for ultra-premium residential properties in Hong Kong's exclusive Stanley neighborhood, with the pricing milestones potentially influencing future valuations in the luxury housing market.