Expensive Property in HK

Martha’s Vineyard has apparently upped its presidential pedigree. Former President Barack Obama and Michelle Obama have purchased a seven-bedroom, nine-bathroom home in Edgartown, Massachusetts, according to reports. The price for the 29-acre estate was $11.75 million, public records show. The property was purchased by a trust represented by attorney Ronald Rappaport, a partner at Reynolds, Rappaport, Kaplan and Hackney, according to records made available Wednesday. The trust is reportedly tied to the Obamas, but Mansion Global could not confirm the connection. Hong Kong's top 10 expensive homes By Time Out Hong KongPosted: Wednesday 25 May 2016 1.The Redhill Peninsula, Tai Tam Asking: $880m (2014) Shot of houses sprawled along Tai Tam coastline Introducing the most expensive house in Hong Kong – and it’s currently on the market. For the outrageous price, you can grab this 3,013sq ft Tai Tam townhouse, complete with its four bedrooms, a powder room, three bathrooms, a maid’s room, a garden, a fitted kitchen, a terrace and, of course, the quintessential car park. 2.10 Skyhigh, Pollock’s Path, The Peak Sold: $800m (2011) Money ain’t a thang, just look at my pinky ring – this is the most expensive residential property ever sold in Hong Kong. Located on Pollock’s Path, a road last year ranked as the most expensive street in the world, the 8,300sq ft house at 10 Skyhigh – a joint venture between film doyen Stephen Chow and Ryoden Development – sold in 2011 to an undisclosed owner for a whopping $800m. 3. 8, 28 Barker Rd, The Peak Sold: $740m (2013) Most pricy investments require the involvement of a bank. But not for Chinese lawyer Raymond Li, the owner of this Peak property, who paid $740 million, mostly in cold, hard cash (in suitcases, we wonder?). At three storeys and 6,863sq ft, it includes five bedrooms, two car parks and a rooftop pool with an outstanding view of Victoria Harbour. It has it in spades over the 6,847sq ft House 7, which wealthy philanthropist Qian Fenglei bought for $690m, with a 1,822sq ft garden to boot. Bargain. 4. 3 Gough Hill Rd, The Peak Sold: $650m (2013) In 2013, this 5,145sq ft villa became the third most expensive home in Hong Kong, after garment exporter Peter Law Kin-sang sold the property for $650 million in what some have called 2013’s most notable deal in the luxury residence market. The price translates to a ridiculous $126,336 per square foot! 5. 8 Pollock’s Path, The Peak Sold: $580m (2011) It’s no wonder European diplomats love The Peak – the temperate region must remind them of their digs back home. This patch of land used to belong to the former French Consulate and commands views over Hong Kong Island and Victoria Harbour. It’s a grade II historic building, measures 11,222sq ft and was sold at an average of $51,684 per square foot. 6. House 3, 28 Barker Rd, The Peak Sold: $538m (2013) Real estate agents know their property – particularly Vivien Chan, the chairwoman of the Estate Agents Authority, who owns this piece of prime real estate on Barker Road. This residence in the seven-storey building measures in at 5,706sq ft and sold for $538m just last year. 7. 11/F, Opus, Stubbs Rd, Mid-Levels Asking: $470m Hong Kong's Top 10 Expensive homes - Shot of Stubbs, Mid Levels This apartment in the famed Frank-Gehry-designed Opus hit headlines last year for the price it couldn’t attract: $470m. If it had sold at this price, it would have made the 5,409sq ft space the most expensive apartment in the city per square foot – a record currently held by, you guessed it, another apartment in Opus, which sold for $455m in 2012. 8. 66/F, 39 Conduit Rd, Mid-Levels Sold: $360m (2011) Hong Kong's Top 10 Expensive homes - View of Central from Conduit Rd, Mid-levels While Conduit Road might only be the second-highest road in Western Mid-Levels, this 66th floor apartment takes you way up into the clouds. In fact, it is the tallest building in the area with glorious views of Victoria Harbour. With 24 units up for sale, the 5,636sq ft Unit A sold the highest for $360.7m back in 2011. 9. Sky House, The Arch, West Kowloon Sold: $226m (2008) Hong Kong's Top 10 Expensive homes - The Arch, Kowloon Hey, it’s Kowloon’s most expensive property! This 5,497sq ft West Kowloon apartment includes the Moon Tower penthouse and the rooftop – essentially, a two-storey pad with a decent view of the moon too. Selling at a mere $41,125 per square foot, it also shows that Kowloon is where the value is at. 10. 51/F, Branksome Crest, Mid-Levels Sold: $203m (2010)