The latest transaction is a 4,451 sq. ft. flat on the 6th floor of Tower 2, a four-bedroom, four-suite apartment with a double industrial room.

Just sold for $258 million, the average practical price of about $58,000 per square foot, the transaction price and the price of the square foot with a new high project, the transaction price is a new high in the Kowloon District strata households this year.

According to the developer, the two luxury residential projects in Tee Wai and Tee Shan recorded a total of 11 transactions this year, the total transaction amount has exceeded $2 billion, the total transaction amount in the past month alone has exceeded $1 billion.

In addition, Regal Hill Peak in Shatin, a joint venture between Paribas )and Regal Hotels , sold Unit A on the 10th floor of Block 3 with a saleable area of 2,033 square feet at a price of $26,280 for $5,347,000.

Regal - The Peak unit sold for $53,427,000

Paribas Group Executive Director and Chief Operating Officer Fan Tong said that even though affected by the uncertainty of the periphery, a group of strong buyers are still confident in the prospects of the luxury residential market, and if the quarantine measures are further relaxed, I believe it will help stimulate market transactions.