CK Asset sells Mid-Levels penthouse for US$48.5M, sets 2026 pricing record

CK Asset Holdings, the flagship property developer of tycoon Li Ka-shing, sold a penthouse at its luxury residential project on 21 Borrett Road in Hong Kong’s Mid-Levels for HK$380.77 million (US$48.5 million) via tender. Unit 10 on the 20th floor fetched HK$126,000 per square foot, the highest price for the development and for all new home sales in Hong Kong so far in 2026. The five-bedroom flat, spanning 3,022 sq ft with three en-suite rooms, offers panoramic views from Central to Wan Chai.

This deal underscores a rebound in the city’s high-end residential segment. CK Asset resumed sales of ultra-luxury homes at 21 Borrett Road earlier this month. The second phase of the project includes 66 flats ranging from 1,875 to 2,193 sq ft, plus a limited number of special units including two penthouses over 2,900 sq ft. To date, the developer has sold four mansions at the address for a combined HK$1.05 billion. Separately, Hong Kong actor Eason Chan purchased a 2,801 sq ft home in Shouson Hill for HK$182.53 million (about HK$65,166 per sq ft), further indicating momentum in luxury property.