Hong Kong saw the record for per square foot prices of luxury homes being set a couple of times in 2021. Most of these transactions were concentrated in two areas: Mount Nicholson on The Peak and 21 Borrett Road in Mid-Levels. Nan Fung Development and The Wharf (Holdings) paid HK$10.4 billion (S$1.8 billion) for the Mount Nicholson site in an.