21 Borrett Road
Hong Kong. Unbranded. CK Asset's Mid-Levels tower, and a HK$20.7 billion sale that was called off.
HK$459 million in February 2021 for a Phase 1 penthouse duplex — about HK$136,000 per square foot, briefly the most expensive apartment in Asia by rate. Phase 1 went on to take about HK$9.96 billion across 54 of its 115 units.
Then the largest single residential disposal Hong Kong had seen was agreed and abandoned: a 2022 bulk sale of the remaining units at HK$20.7 billion was later aborted. The register records the abandonment because a transaction that did not complete is a fact about the market, and price lists never carry it.
Phase 2 continued into the softer cycle: HK$362 million in June 2026 for 2,911 square feet, HK$124,356 per square foot — still the year's first-hand high, and nine per cent below the 2021 rate.
Who it is not for
Not for a reader who wants a simple direction: this building holds a record, an aborted mega-deal and a softer new high within five years. Not for anyone comparing with Mount Nicholson — that is houses and sky villas on the Peak, this is Mid-Levels.
Sources
- Bloomberg — Hong Kong luxury home sells for US$59m, seizing the price record: HK$459m, about HK$136,000/sq ft, February 2021
- Mingtiandi — Phase 1 cumulative sales about HK$9.96bn for 54 of 115 units; 2022 bulk sale of HK$20.7bn later aborted
- Phase 2, June 2026 — HK$362m for 2,911 sq ft, HK$124,356/sq ft
Verification
- Official source
- Not yet checked
- Inventory
- From official source
- Property confirmation
- Pending
- Last verified
- —
Booking
Private Residences records addresses; it does not broker them. Enquiries are passed to the party named in the record, and nothing on this site is an offer.
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