A MANSION IN HONG KONG’S EXCLUSIVE PEAK NEIGHBOURHOOD POISED TO SET A PRICE RECORD
By FANG BLOCK
Wed, Mar 29, 2023 2:11am
< 1 min
< 1 min
A new mansion in an exclusive Hong Kong neighbourhood known as The Peak is said to have an offer for HK$1.2 billion (US$153 million) from a mainland Chinese buyer. If the deal goes through, the sale will translate to HK$255,000 per square foot, a record for a residential property in Asia.
The mansion, located on Barker Road, the same street as Alibaba founder Jack Ma’s HK$1.5 billion mansion, has 4,700 square feet of living space across four levels and features sweeping views of Victoria Harbour and city skylines, according to Chinese-language daily Hong Kong Economic Times (HKET).
The mansion was built on the site of a Grade II-listed, Spanish-style villa, known as Villa Blanca. The villa was owned by Hong Kong businessman Haking Wong, most famous for his commercial optical products, for nearly two decades from 1978 to 1998.
CSI Properties acquired the villa in 2011 for HK$200 million, and paid another HK$103.2 million four years later to expand the site, according to the public filings.
The developer began marketing the mansion earlier this year. A buyer from mainland China has offered HK$1.2 billion and the deal is expected to close soon, HKET reported, citing market sources.
CSI Properties did not immediately respond to a request for comment, and Mansion Global could not independently confirm details about the potential buyer or sale.
The current unit price record for a residential property in Asia was set in 2021, when an apartment at a development called Mount Nicholson sold for HK$140,800 per square foot, or a total of HK$639.8 million.
Hong Kong, where prime properties on average cost more than HK$34,700 per square foot, was ranked as the world’s second most expensive market following Monaco, according to a recent report by Knight Frank.
Bloomberg was the first global media to report the sale.
This article originally appeared in Mansion Global.
Copyright 2020, Dow Jones & Company, Inc. All Rights Reserved Worldwide. LEARN MORE
MOST POPULAR
The Australian leather house has opened an immersive four-day pop-up in Manhattan, unveiling its Bloom Collection and redefining what a product launch can look like.
Following the successful launch of its Palais Collection, MAISON de SABRÉ has unveiled a new modular handbag system offering more than 720 styling combinations.
The imposing stone structures, with towers, turrets and a hot tub room, lord over the landscape near the mountain resort town of Sandpoint.
By Liz Lucking
Mon, Jul 13, 2026 2 min
2 min
Idaho is not a place that’s often associated with Medieval castles, but a pair have just hit the market for $6.25 million.
The imposing stone structures have towers, turrets, ramparts, arrow-slit windows and even a drawbridge, and might just be the most authentic-looking castles this side of the Atlantic.
“Who expects to see a castle like this in Idaho?” said listing agent Brenda Burk of Coldwell Banker Schneidmiller Realty, who brought the property to the market last week. They are, she said, “extremely unusual.”
Schweitzer Castle and Château de Melusine, as they’re known, stand within Schweitzer Mountain Resort in the Selkirk Mountains and overlook the nearby mountain resort town of Sandpoint. They take in panoramic views of Lake Pend Oreille, Idaho’s largest lake.
The pair of ski-in/ski-out homes each have three bedrooms, two bathrooms and three stories, Burk explained. They are “so authentic,” she said. “Every single stone was handlaid.”
Schweitzer Castle, she said, wasn’t built for “functionality,” but has been modernized and adapted and now has everything a 21st-century residence requires, along with a dungeon, which for some buyers may also be a requisite.
The chateau, meanwhile, has a hot tub room with mountain views, as well as a garage.
The property is being sold furnished, and will come complete with the hand-carved statues, armor, mounted swords, stained-glass windows and a host of antiques dating to the 15th and 16th centuries.
The owner, an antique collector who couldn’t be reached for comment, “is always looking for that hidden jewel and he found that here,” Burk said.
The next custodian is likely to stem from a varied pool of buyers, Burk said, that would include “the trophy-home buyer, someone who can say ‘I own a castle.’”
The property could also appeal to someone looking for a vacation home, or a multi-generational estate, and beyond that “there’s the dreamers,” she said. “We definitely try to market to people who like Medieval history or maybe do Renaissance fairs.”
The seller “really wants it to go to someone with the same passion.”
