World's most expensive home for sale in Hong Kong - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

World's most expensive home for sale in Hong Kong

The world's most expensive home has a "for sale" sign out front in Hong Kong. (Source: Twelve Peaks/Sun Hung Kai website screenshot) The world's most expensive home has a "for sale" sign out front in Hong Kong. (Source: Twelve Peaks/Sun Hung Kai website screenshot)
  • InternationalMore>>

  • US officials are meeting with North Koreans in DMZ

    US officials are meeting with North Koreans in DMZ

    Sunday, May 27 2018 2:14 PM EDT2018-05-27 18:14:22 GMT
    Sunday, May 27 2018 3:27 PM EDT2018-05-27 19:27:32 GMT
    (South Korea Presidential Blue House/Yonhap via AP). In this May 26, 2018 photo provided on May 27, 2018, by South Korea Presidential Blue House via Yonhap News Agency, South Korean President Moon Jae-in, left, is guided by North Korean leader Kim Jong...(South Korea Presidential Blue House/Yonhap via AP). In this May 26, 2018 photo provided on May 27, 2018, by South Korea Presidential Blue House via Yonhap News Agency, South Korean President Moon Jae-in, left, is guided by North Korean leader Kim Jong...
    The U.S. State Department says American officials are meeting with North Korean officials at the border village of Panmunjom as talks continue over a potential summit between President Donald Trump and North Korean...More >>
    The U.S. State Department says American officials are meeting with North Korean officials at the border village of Panmunjom as talks continue over a potential summit between President Donald Trump and North Korean leader Kim Jong Un.More >>
  • No longer driven by conflict, Colombians vote for president

    No longer driven by conflict, Colombians vote for president

    Sunday, May 27 2018 12:13 AM EDT2018-05-27 04:13:52 GMT
    Sunday, May 27 2018 3:27 PM EDT2018-05-27 19:27:01 GMT
    (AP Photos/Fernando Vergara, File). FILE - This combination of two file photos shows Colombian presidential candidates Gustavo Petro on April 23, 2014, left, and Ivan Duque on May 20, 2018, both in Bogota, Colombia. Colombian voters head to the polls S...(AP Photos/Fernando Vergara, File). FILE - This combination of two file photos shows Colombian presidential candidates Gustavo Petro on April 23, 2014, left, and Ivan Duque on May 20, 2018, both in Bogota, Colombia. Colombian voters head to the polls S...
    For decades, Colombia's bloody conflict with leftist rebels influenced decisions in the ballot box.More >>
    For decades, Colombia's bloody conflict with leftist rebels influenced decisions in the ballot box.More >>
  • 1 new Ebola death confirmed in Congo, bringing total to 12

    1 new Ebola death confirmed in Congo, bringing total to 12

    Sunday, May 27 2018 6:43 AM EDT2018-05-27 10:43:52 GMT
    Sunday, May 27 2018 3:26 PM EDT2018-05-27 19:26:51 GMT
    Congo's health ministry says there has been another death of a confirmed case of Ebola, bringing the number of fatalities to 12.More >>
    Congo's health ministry says there has been another death of a confirmed case of Ebola, bringing the number of fatalities to 12.More >>

HONG KONG (RNN) – If you’re looking for affordable luxury housing, do not look in Hong Kong.

According to Wall Street Journal Asia, the world’s most expensive home, per square feet, is on the market in the elite Hong Kong neighborhood of Victoria Peak.

The home, developed by Sun Hung Kai Properties, is listed as House No. 1 at Twelve Peaks and is priced at a whopping $105.7 million, or HK819.1 million Hong Kong dollars.

The newly-built home boasts four bedrooms, a private pool, a two-car garage, a rooftop terrace and a garden in the 4,661-square foot home. The home would also have a gorgeous view of Victoria Harbor from Hong Kong's highest point, also known as Mount Austin or to locals as The Peak.

The prospective homeowner would be purchasing the home at $22,670.20 per square foot.

Also located on Victoria Peak is the current most expensive home ever bought – a 5,989-square foot home that cost $103.2 million, or HK$800 million – was sold in 2011.

Sun Hung Kai Properties, who says they are “building homes with heart,” is Hong Kong’s second-biggest developer by market value, according to Bloomberg.

According to the Twelve Peaks’ price list, a potential buyer will also have to pay a 5 percent down payment as part of a preliminary agreement.

An added bonus to those seeking upscale living in the bustling region of China, WSJ Asia says a buyer who makes an offer for the home in the first five months will receive a 3 percent discount. The property developers are also offering an “early-bird buyer an 11.75 percent rebate.”

These discounts come courtesy of slumping real estate numbers across Asia, especially in markets with numerous luxury real estate properties.

If you’re looking for something a little cheaper, auctioneers Sotheby’s has several homes in Hong Kong listed on its website.

Follow me on Twitter @TanitaG_RNN.

Copyright 2014 Raycom News Network. All rights reserved.

  • News 7 Poll

  • Would you buy this home in Hong Kong - even if you had the money?

  • Thank you for participating in our poll. Here are the results so far:

    Yes
    11%
    55 votes
    No
    89%
    435 votes
  • Local NewsLOCALMore>>

  • 'Solo' sputters in takeoff with $83.3M at box office

    'Solo' sputters in takeoff with $83.3M at box office

    Sunday, May 27 2018 11:54 AM EDT2018-05-27 15:54:44 GMT
    Sunday, May 27 2018 3:28 PM EDT2018-05-27 19:28:23 GMT
    (Jonathan Olley/Lucasfilm via AP). In this image released by Lucasfilm, Alden Ehrenreich, right, and Joonas Suotamo appear in a scene from "Solo: A Star Wars Story."(Jonathan Olley/Lucasfilm via AP). In this image released by Lucasfilm, Alden Ehrenreich, right, and Joonas Suotamo appear in a scene from "Solo: A Star Wars Story."
    The Han Solo spinoff "Solo: A Star Wars Story" came in well below expectations with an $83.3 million opening weekend at the North American box office.More >>
    The Han Solo spinoff "Solo: A Star Wars Story" came in well below expectations with an $83.3 million opening weekend at the North American box office.More >>
  • President George H.W. Bush back in hospital

    President George H.W. Bush back in hospital

    Sunday, May 27 2018 2:34 PM EDT2018-05-27 18:34:26 GMT
    Sunday, May 27 2018 3:03 PM EDT2018-05-27 19:03:34 GMT

    According to post-White House spokesman, Jim McGrath, former President George H.W. Bush was taken to Southern Maine Health Care today after experiencing low blood pressure and fatigue.

    More >>

    According to post-White House spokesman, Jim McGrath, former President George H.W. Bush was taken to Southern Maine Health Care today after experiencing low blood pressure and fatigue.

    More >>
  • Strickland’s pitching gem puts USM in C-USA title game

    Strickland’s pitching gem puts USM in C-USA title game

    Sunday, May 27 2018 2:19 PM EDT2018-05-27 18:19:05 GMT

    Junior right-hander Mason Strickland had started exactly one baseball game for Southern Mississippi this season and his longest outing on the mound had amounted to just one out more than five innings. Sunday, Strickland turned in the pitching performance of his USM career and gave the Golden Eagles exactly what they needed at the 2018 Conference USA Baseball Championship.

    More >>

    Junior right-hander Mason Strickland had started exactly one baseball game for Southern Mississippi this season and his longest outing on the mound had amounted to just one out more than five innings. Sunday, Strickland turned in the pitching performance of his USM career and gave the Golden Eagles exactly what they needed at the 2018 Conference USA Baseball Championship.

    More >>
Powered by Frankly