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KIRO Radio's Tom Kelly digs deep into the Puget Sound real estate market

Real Estate

World's priciest home - nearly $23,000 a square foot

A home in Hong Kong is being listed for the equivalent of $105.7 million in U.S. currency, but it's the price per square foot that has the world talking.

The home would cost $22,677 per square foot if it sells at its current price, making it the world's most expensive home ever sold on a per-square-foot basis, The Wall Street Journal reported. It would also be the priciest home ever sold in Hong Kong.

The 4,661-square-foot home features four bedrooms, a private pool, a garden, rooftop terrace, and a carport that can accommodate two cars. The home is located in the new Twelve Peaks development within the city's exclusive Victoria Peak neighborhood.

The home's developer, Sun Hung Kai Properties, has offered any fast-acting buyer a 3 percent discount if a deal is made within five months. Discounts are becoming more common in Hong Kong as developers try to revive recent sluggish demand for new homes lately, The Wall Street Journal reported.

How does the house compare to U.S. real estate prices? Forbes recently spotlighted the most expensive homes listed for sale in the U.S., with the Owlwood Estate in Holmby Hills, Calif., currently leading at an asking price of $150 million for a 13,000-square-foot mansion on 10 acres.

Hear Real Estate Today on KIRO Radio

  • Hear Real Estate Today on KIRO RadioJoin Tom Kelly every Sunday at 9am on KIRO Radio to talk Puget Sound real estate.

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