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Skyway flats sold for $100 million
Jan 31, 2023
Skyway flats sold for $100 million Hong Kong
By   Internet
  • City News
  • Skyway Flats
  • Property Status
  • Property Investment
Abstract: Skyway in Mid-Levels West, once known as the "King of Asia", has recently been sold for a large sum of money.Skyway in Mid-Levels West, once known as the "King of Asia", has recently been sold for a large sum of money.

According to market sources, a 2,355 sq ft, four-room apartment A in the upper floors of Skyway changed hands in the middle of this month for $140 million, at a price of about $59,448 per square foot.

 

It is reported that the original owner bought the unit for over $159.8 million in August 2017 and has held the property for nearly six years, but has now lost nearly $20 million on his books, depreciating the value of the unit by 12.5%.

 

The district agent revealed that the original owner is SUN DONGHAI and the new buyer is YU LUNA, whose names are the same as those of the co-producer and executive producer of the films Operation Mekong and Operation Red Sea, which cannot be ruled out as a connected person transaction.

 

A 3-storey garden unit with two car parking spaces in a basement, ground floor and 2nd floor flat A with a saleable area of 4,102 sq ft and a 2,817 sq ft garden, with a built-in private lift, was sold yesterday at $287.14 million through a tender exercise by Somerset Living, Pan Ocean International and Coventry.

 

Capital Strategies said that in recent months, the re-entry policy has been beneficial to the performance of luxury residential properties, and many buyers have taken the opportunity to purchase their preferred units; and 12 units have been sold since the commencement of the sale of Royal Court, accounting for approximately 75% of the total number of units in the project, with a total transaction amount of over $2.55 billion. B on the 11th and 12th floors.

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Skyway flats sold for $100 million
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