Mammoth Hong Kong Mansion Priced At $281 Million Joins The Ranks Of World’s Most Expensive Homes

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The Hong Kong mega-mansion, listed for about $281 million (HKD 2.2 billion), is among the most … [+] expensive properties for sale in the world.

OKAY.com

The list of most expensive homes for sale in the world is ever-changing. In February, the Robb Report said a penthouse atop New York City’s Central Park Tower, priced at USD 250 million, topped the offerings. The next month numerous publications put the Holme, a palatial 40-bedroom waterfront residence in London, ahead of that at USD 300 million.

Repulse Bay, pictured via drone, is among the most exclusive areas for residential property in Hong … [+] Kong.

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No matter the pecking order, however, the locations of these ultraexpensive residences remain fairly select―Dubai, Hong Kong and Australia.

Designed on a grand scale, the residence offers more than 18,270 square feet of polished living … [+] space.

OKAY.com

Ensconced in these upper echelons is a mega-mansion along Hong Kong’s Repulse Bay Road priced at HKD 2.2 billion or about USD 281 million.

Modern sweeping staircases in the entry set the tone for the multi-level residence.

OKAY.com

“This mansion is amongst the most expensive properties within the city,” says Letizia G. Casalino, executive director at real estate company OKAY.com. “There aren’t many with this price tag.”

Open-concept areas offer ample space for entertaining.

OKAY.com

Contributing to the cost is the size. The gross square footage of interior and exterior space totals 18,274. There are 11 bedrooms and 11 bathrooms. An elevator accesses all five floors.

Staircases and an in-house elevator navigate five floors of living.

OKAY.com

In addition to the terraces, garden and rooftop, the mansion’s backyard patio can accommodate more than 100 guests for large-scale events.

Bi-folding doors open rooms to terraces, extending the living space outdoors.

OKAY.com

Also bolstering the asking price is the prime location, Casalino says. “Within the Southern District, the price per square foot has been quite steady within HKD 90 to HKD 120.” Beaches and shopping are within walking distance.

The home’s large backyard patio can accommodate more than 100 guests.

OKAY.com

The brand new mansion was constructed in 2019, before the Hong Kong protests and rise of COVID-19, to appeal to the ultrahigh-net-worth buyer. “It was built when a number of mainland Chinese buyers, such as Jack Ma or Pony Ma, bought this type of trophy house,” she says.

The rooftop takes in seemingly endless views of Repulse Bay.

OKAY.com

In Hong Kong’s current more challenging ultraluxury market, Casalino sees the potential for a wider buyer pool. “Tycoons from all over the world but the target is mainland Chinese or perhaps ultrawealthy Hong Kong families. It will probably be for a large family or a family who can host a number of events within the property.” The mansion’s exterior walls are clad in natural stone. Arched windows and decorative details soften the symmetrical façade.

An automatic gated entrance ensures security with the garage and driveway accessible from inside.

OKAY.com

Interior details include two grand staircases, marble floors and black casement windows. An automatic gated entrance ensures security with the garage and driveway accessible from inside.

The Repulse Bay property is located in a highly private neighborhood and is in walking distance to … [+] the beaches and shopping plaza.

OKAY.com

Joshua Miller of OKAY.com is one of the agents representing the property.

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