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New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

Hong Kong house, most expensive house, Hong kong
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The price represents the most expensive home transaction in Hong Kong this year, according to Louis Ho, principal sales director at Centaline Property Agency Ltd.

Shawna Kwan and Venus Feng | Bloomberg
A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city’s slowing luxury market.

Co-developers Emperor International Holdings Ltd., C C Land Holdings Ltd., Mingfa Group International Co. and CSI Properties Ltd. sold the six-bedroom home in new project No. 15 Shouson in Shouson Hill via tender on Sunday, according to a statement by the companies. The companies didn’t identify the buyer.

The house, spanning 8,032 square feet (746 square meters) of floor area, has a private garden, swimming pool and parking space. Located on the southern side of Hong