Despite the dropping housing prices due to the ongoing pandemic, it seems like luxury real estate is doing just fine in Hong Kong. It's only been a few months since a house at Plantation Road made headlines for its record HK$1.35 million a month rent. Now, a house on the Peak sets a new rent record at US$206,000 a month, according to SCMP.
The 7,022 square feet house is located on 73 Mount Kellett Road on The Peak—one of Hong Kong’s most desirable neighbourhoods due to the sweeping, panoramic views of the city the location offers. Leased for about HK$1.6 million a month, or HK$228 per square feet, it is currently the most expensive house rented on a per square foot basis this year.