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(29 May 2018, Hong Kong) Phoenix Property Investors (“Phoenix”), developer of THE MORGAN, the award-winning luxury residence in Upper Mid-levels, has announced the sale of its penthouse residence – “THE MORGAN PENTHOUSE”.
The exclusive property, together with two parking spaces, were sold through tender today (29 May 2018), at a price of HKD$344 million (HKD$86,825 per square foot*), setting a new record for both the price of a single transaction, and the price per square foot for the said development.
Occupying the entire thirtieth floor of the residential building, “THE MORGAN PENTHOUSE” enjoys an expansive 3,962 sq ft of interior space, five bedrooms (including four multi-functional ensuites), and 1,461 sq ft private outdoor area.
“Phoenix has sold 110 out of 111 units at THE MORGAN, generating revenues in excess of HK$4.6 billion,” says Ms. Khim Goh, Regional Director of Asset Management of Phoenix Property Investors. “The penthouse was sold to a young professional who had studied abroad. Impressed by Robert Stern’s iconic architecture and the residence’s elegant interior design, the buyer made the decision to purchase the property that incorporates a spacious private outdoor terrace with sweeping views of Victoria Peak.”
“We are pleased to achieve yet another record-breaking sale price and price per square foot for THE MORGAN,” says Ms. Jenny Cheung, Vice President of Asset Management of Phoenix Property Investors. “This reflects strong market demand for premium quality properties located in traditional luxury neighbourhoods. We are positive about the sale of remaining one & only special unit, “THE MORGAN SKY DUPLEX”, which will be ready for private viewing as early as June. Designed by the acclaimed New York-based design firm Richardson Sadeki, the duplex offers 3-bedroom layout with saleable area of 2,343 sq ft with a 460 sq ft terrace.”