--- title: "Hong Kong’s second-richest man Li Ka-shing’s firm sets record with $46M penthouse sale" type: "News" locale: "en" url: "https://longbridge.com/en/news/289727776.md" description: "CK Asset Holdings, owned by Li Ka-shing, sold a HKD362 million penthouse in Mid-Levels Central for HKD15,870 per square meter, setting a record for first-hand residential transactions this year. The sale reflects strong demand in Hong Kong's ultra-luxury market, with high-end home sales surging amid the city's growth as a global wealth hub." datetime: "2026-06-15T04:15:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289727776.md) - [en](https://longbridge.com/en/news/289727776.md) - [zh-HK](https://longbridge.com/zh-HK/news/289727776.md) --- # Hong Kong’s second-richest man Li Ka-shing’s firm sets record with $46M penthouse sale The luxury residential project in Mid-Levels Central, spanning 270 square meters, was sold at HKD15,870 per square meter, a new level for first-hand residential property in the city, the developer said in a statement Sunday, as reported by _The Standard._ It is located on the 20th floor of phase two of 21 Borrett Road, a high-end residential project in the city. The unit "boasts an expansive floor-to-floor height of 3.5 meters, configured in a premium five-bedroom with three ensuite layouts," according to CK Asset. Ka-shing is the second richest man in Hong Kong with a net worth of $48.6 billion, behind Robin Zeng, a battery tycoon, with $62.1 billion, according to _Forbes._ 21 Borrett Road, Hong Kong. Photo via Google Maps/KL Wong The project offers only two penthouses that are linked to the rooftop and a very limited number of special units, with the sold apartment being among them. The sale comes amid "lingering uncertainties" caused by the U.S.-Israel war on Iran, which has prompted investors to diversify their assets, said William Kwok, chief manager of sales at CK Asset. "With the Hong Kong real estate market showing a steady upwards trajectory, newly completed ultra-luxury residences remain exceptionally scarce, naturally becoming prime targets for mega-investors," Kwok said, as cited by the _South China Morning Post._ The transaction follows a series of deals in Hong Kong’s super-luxury housing market, defined as homes worth HKD100 million or more, underscoring strong demand for the city’s residential properties, particularly at the high end. In the first four months of the year, 93 first-hand and second-hand homes priced above HKD100 million were sold, up from 37 in the same period last year, according to real estate broker Centaline Property. The total value of those transactions rose to HKD19 billion from HKD6.6 billion. The increase in luxury home sales has coincided with Hong Kong’s aggressive efforts to attract wealthy residents and investors. The city overtook Switzerland last year as the world’s largest cross-border wealth hub, according to Boston Consulting Group. Cross-border wealth in Hong Kong rose 10.7% to $2.95 trillion in 2025, narrowly exceeding Switzerland’s $2.94 trillion, the consultancy said in its latest global wealth report in May. ### Related Stocks - [01113.HK](https://longbridge.com/en/quote/01113.HK.md) ## Related News & Research - [US$46.2 million penthouse sale in Mid-Levels sets a 2026 record](https://longbridge.com/en/news/289693492.md) - [CK Asset Holdings (CHKGF) Gets a Buy from J.P. Morgan](https://longbridge.com/en/news/290626798.md) - [JM starts construction of 98 condo units in Gothenburg’s Gamlestaden district](https://longbridge.com/en/news/290518122.md) - [Besqab starts construction of 82 apartments at Hornsbergs Strand in Stockholm](https://longbridge.com/en/news/290524118.md) - [Orlando, Florida's $10K Incentives For Accessory Dwelling Units Offer Blueprint for Fixing U.S. Housing Shortage](https://longbridge.com/en/news/290338155.md)