CK Asset Holdings

Hong Kong’s first Northern Metropolis pilot tender attracted only two bidders. Henderson Land Development submitted a standalone bid, while Sino Land partnered with mainland developers and JD.com. The government faces challenges in engaging private developers for housing and technology ambitions.

CK Asset Holdings sold a penthouse in Hong Kong’s Mid-Levels for HK$380.77 million (US$48.5 million), achieving the highest price per square foot for new home sales in the city this year. The 20th-floor unit at 21 Borrett Road underscores a rebound in Hong Kong’s high-end residential market.

CK Asset Holdings sold a penthouse in Hong Kong’s Mid-Levels for HK$380.77 million (US$48.5 million), achieving the highest price per square foot for the development and new home sales this year. The unit, located at 21 Borrett Road, was sold via tender, highlighting a rebound in the city’s high-end residential market.

CK Asset Holdings, owned by Hong Kong billionaire Li Ka-shing, sold a 2,911 sq ft penthouse in Mid-Levels for HK$362 million (US$46.2 million), setting a per square foot price record of HK$124,356 for first-hand transactions in 2026. The unit was part of the second phase of 21 Borrett Road and sold via public tender.

CK Asset Holdings, owned by Hong Kong billionaire Li Ka-shing, sold a 2,911 sq ft penthouse in Mid-Levels for HK$362 million (US$46.2 million), setting a per square foot price record of HK$124,356 for first-hand transactions in 2026. The unit was part of the second phase of 21 Borrett Road in Central.

CK Asset Holdings is resuming sales at its 21 Borrett Road project in Hong Kong, releasing 16 ultra-luxury flats as part of the second phase of the Mid-Levels Central development. The project, previously linked to one of Hong Kong’s largest failed property transactions, is betting on renewed demand from wealthy buyers to signal a market recovery.