A well-heeled buyer snapped up two adjacent mountain-top pads — each more than 4,000 square feet (370 square metres) — for an eye-watering combined price of US$149.1 million.
The smaller of the two properties closed at US$71.7 million, making it Asia’s most expensive apartment by area, at a whopping US$17,000 per square foot, according to Bloomberg News.
The price smashed the previous record paid for a place to sleep in Hong Kong’s red-hot property market, when a duplex unit on the island topped out at US$13,439 per square foot in September.
A month later an office building in downtown Hong Kong sold for a record US$5 billion.
In June a single parking space changed hands for US$664,200, part of a boom in commercial and residential property prices fuelled by an influx of money from wealthy mainland Chinese investors and developers.
The surging property market has become a political issue as costs in one of the world’s most expensive cities continue to soar, forcing some small businesses to close due to sky-high rents while many residents cannot afford to buy or rent decent homes.
An official study last week showed nearly 20% of the city’s 7.35 million people live below the poverty line.