Wheelock Properties (Hong Kong) Limited
A property in Hong Kong is being rented at approximately $174,000 USD a month, Inman reports.
That comes out to $2 million a year, a new record for the city.
The house is in Victoria Peak, a famously expensive neighborhood in Hong Kong.
In Hong Kong, there s a new rental record in town a $2 million record, to be precise.
A rental property in the Victoria Peak neighborhood of Hong Kong is being leased out for roughly $174,000 a month, or $2 million a year, the South China Morning Post reported. It s the most expensive rental recorded in Hong Kong history.
A Hong Kong Home Is Asking A Whopping $2M In Annual Rent inman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inman.com Daily Mail and Mail on Sunday newspapers.
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Luxury property market has set another record, as its recovery from the pandemic gathers steam.
By Shawna Kwan, Bloomberg
3 Mar 2021 08:23
Image: Paul Yeung/Bloomberg
Hong Kongâs luxury property market has set another record, as its recovery from the pandemic gathers steam.
Wharf Holdings Ltd. has rented out a luxury house in its 11 Plantation Road project on the Peak for HK$1.35 million ($174,000) a month, it said in a statement late Tuesday. That translates into more than $2 million a year for the unidentified tenant.
The rent is the highest for a home in Hong Kong, according to Louis Ho, principal sales director at Centaline Property Agency Ltd. âSome of these tycoons may not have found their dream house so they tend to rent for a while before an opportunity to buy arises,â said Ho.