The views are gorgeous, but the interiors look awesome which certain not worth the HK$41m+ price tag. Then again, it's most likely bought by dirty money laundered from mainland China anyways, so the crooks won't care, as long as they can park the money in Hong Kong, out of the purview (for now) of the Beijing reach.
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I look forward to this column every weekend, so I was very disappointed to see yet another multi million dollar spread, and even more disappointed that the NYT chose to feature Hong Kong for the second time in 14 months. The world is huge and the variety of real estate offerings truly countless (not hyperbolically so). More and more Americans (and other faithful readers) in our ever-shrinking world imagine life in exotic, far-flung, or simply different, places. Almost none of us can afford the $5.3M aerie in this week’s column (and I’d hazard to guess that a similar percentage have an interest in living in Hong Kong at any price). Nor could we afford most featured properties in the places we do dream of living - Greece, the South of France, Mexico, Central America, Vienna, the Caribbean even Gdansk(?). I suggest either expanding the column to include more properties from the same place across a range of prices, or at least going down market. The escape this column provides - imaging life in other places - is much easier when the price is even remotely within reach.
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@Mar Benson, Come now, most of the homes featured in this column have always been "inspirational" rather than practical. How many of us out here can afford to buy a castle in Scotland or a palace-like mansion in Paris or acres in Tuscany?
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Those are some scary stairs!
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Sounds like non-Chinese are slowly being forced out as inexorably as the South China Sea islands were annexed. This is even more expensive given that it's a 50 year lease, and Xi could force you to leave by raising fees every 90 days.
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@Fran Cisco, Hong Kong has always been expensive. Its prices are comparable to NYC and London. Most average joes in America (or non-Chinese) have not been on that league for a very long time now.
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I googled the building and like many others in Hong Kong, it's a very dilapidated looking building. It genuinely looks like something you would see in an impoverished neighbourhood in Africa or South America. Love the interior and outdoor deck, but I would only buy in a more modern building with better construction standards. Insane how little $5.3m buys you in Hong Kong.
Incredible view but the stairs are an accident waiting to happen.
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Insane prices. You could live in prime Paris for 1/4 the cost or prime NYC for 1/2 the cost. Having traveled to HK many times for work, I cannot imagine having to live there.
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Those stairs are very frightening.
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No railings on the steps! Try making that walk after a late night of throwing back a few pints.
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Nice to get my daily dose of wealth porn filled. Thanks, NYTs.
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I was perfectly happy with my cramped little apartment in Mong Kok. 15 minutes to Central via MTR and—like Tokyo—I didn't need much space at home. The city and its amazing bars, cafes and restaurants were my living room.
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@ boourns Nyc
Lucky thou who seeketh solace in noisy drinkeries and eateries. :-))
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Looking at the prices of about USD 4,400 per square foot, on the international scale of square meters (1 sq m = 10.764 sq ft), they are astronomical $47,000 per sq meter. In the top arrondissements of Paris they hover around $11,000 to $12,000.
The Mid-Levels isn’t even the most expensive of HK real estate. Victoria Peak’s prices are what keep HK as the most costly housing market worldwide, year in year out. Paris came in third place for 2018.
I can name at least five Chinese cities that are more expensive than Paris
@Tuvw Xyz
Many neighbourhoods in Manhattan frequently sell for over $5,000 per sq ft/~$50,000 per sqm.