Ad Category Above Title [D:1440×400 M:1440×400]

gafencu Shop

gafencu  app

Ad Category Sidebar [D:300×300 M:300×300]

Ad Video Category Above Title


<p>A unit of Summit has been sold for HK$162.28 million, which represents an average price per square foot of HK$69,439.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-1024x683.jpeg" alt="" class="wp-image-85670" width="768" height="512" srcset="https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-1024x683.jpeg 1024w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-420x280.jpeg 420w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-768x512.jpeg 768w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-1536x1024.jpeg 1536w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-200x133.jpeg 200w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1-800x534.jpeg 800w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-1.jpeg 1600w" sizes="(max-width: 768px) 100vw, 768px" /></figure></div>


<p>The transaction details show that the sold unit is a duplex on the 47th-48th floors, with a saleable area of 2,337 square feet.</p>



<h3 class="wp-block-heading">Landmark investment property</h3>



<p>A spokesperson of Hang Lung Properties stated that they have held Summit for rental income for many years, making it a landmark investment property in the market. They are currently undertaking a complete upgrade and renovation of the project, involving investment of around HK$700 million. The project is expected to be completed by mid-year.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-1024x444.jpeg" alt="" class="wp-image-85672" width="768" height="333" srcset="https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-1024x444.jpeg 1024w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-646x280.jpeg 646w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-768x333.jpeg 768w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-1536x666.jpeg 1536w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-200x87.jpeg 200w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2-800x347.jpeg 800w, https://www.gafencushop.com/wp-content/uploads/2025/02/WhatsApp-Image-2025-02-26-at-16.41.27-2.jpeg 1600w" sizes="(max-width: 768px) 100vw, 768px" /></figure></div>


<p>Since the interest rate reduction cycle began at the end of last year, the luxury residential market has become more active. During the renovation process, Summit has received enquiries from multiple interested buyers, added the spokesperson. This sale was made due to the buyer&#8217;s strong sincerity and the nature of the offer. However, the company plans to retain the project for long-term rental income and has no plans for further sales, although adjustments will be made depending on market conditions, revealed the spokesperson.</p>


[Information by Centaline Property] Hang Lung ultra luxury property on The Peak fetches HK$162.28 million

hang lung

Golden Globes Glamour: Dazzling Jewels Shine at the 2025 Golden Globes

The Exquisite Electric: From sleek Teslas to smart Nios, luxury EVs are revolutionising the road and eco-awareness

Wicked Wicks: With their brilliant flickers of inspiration, artisanal candlemakers bestow personal glow

Perfect Fit: High intensity or slow burn – how expert research is shaping the way we exercise 

Tag: hang lung

Blog Section

[Information by Centaline Property] Hang Lung ultra luxury property on The Peak fetches HK$162.28 million