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Hong Kong Property: The Mount Austin Luxury Residence Sets New Rental Record
Jul 18, 2024
by Internet
Abstract : The Hong Kong real estate market has once again captured attention, particularly with The Mount Austin luxury residence on Stubbs Road in The Peak. According to market reports, a luxurious mansion recently leased successfully for a staggering HK$800,000 per month, setting a new high in the area at HK$175 per square foot.

The Mount Austin is one of Nan Fung Group's flagship projects, renowned for its prime location and luxurious amenities that attract discerning high-end clientele. This mansion spans 4,584 square feet, featuring 6 bedrooms and an envy-inducing 9,000 square feet of sprawling garden space complete with a private pool and Jacuzzi. Perched atop, it offers sweeping views of the majestic Victoria Harbour, making it an ideal choice for those seeking prestigious living.


Real estate agents in the area noted that previously, the mansion commanded around HK$500,000 per month. With increasing market demand and the prominence of its location, the landlord initially listed it for HK$580,000 but eventually secured a lease at HK$800,000. The tenant reportedly benefits from extensive renovations by the landlord and full access to high-end furnishings under the lease agreement, further enhancing the residence's value and allure.


Internet


The Mount Austin comprises a total of 4 buildings offering 8 luxury mansions with a total of 74 units ranging from 696 square feet to 4,584 square feet. These residences not only provide diverse choices but also showcase the prosperity and diversity of Hong Kong's high-end real estate market.


This leasing transaction not only highlights the appeal of The Mount Austin project but also underscores the sustained demand in Hong Kong's ultra-luxury housing market for high-quality living spaces. Particularly amidst the overall rise in Hong Kong's property market, this successful lease demonstrates once again the investment value and market attractiveness of high-end properties.

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