Record-Breaking Sale at The Peak Highlights Strength of Hong Kong’s Ultra-Luxury Property Market

Record-Breaking Sale at The Peak Highlights Strength of Hong Kong’s Ultra-Luxury Property Market

A recent report by the South China Morning Post reveals that a luxury residence at 1 Gough Hill Road, The Peak has been sold for HK$1.088 billion, marking one of the highest-value residential transactions in Hong Kong’s history. This landmark deal underscores the enduring appeal of The Peak as the city’s most prestigious residential enclave.

A Benchmark for Prestige and Exclusivity

Located in one of Hong Kong’s most sought-after addresses, the residence spans approximately 11,451 square feet and includes a 10,357 sq ft private garden, a 3,035 sq ft rooftop terrace, and premium amenities such as a swimming pool, jacuzzi, and private garage. The sale price equates to roughly HK$95,018 per square foot, reaffirming The Peak’s position as the pinnacle of luxury living in Asia.

Originally constructed as a guest house for the Bank of China, the property was later converted into a private villa. Its location near the official residence of Hong Kong’s Chief Justice and other landmark locations such as  Mount Kellett Road, Plantation Road, Mount Austin Road, Pollock’s Path, and Barker Road further enhances its prestige.

Why The Peak Remains Unmatched

The Peak offers a rare blend of natural beauty, architectural significance, and strategic connectivity. Its elevated position provides panoramic views of Victoria Harbour, South China Sea, and the surrounding greenbelt. Key advantages include:

• 10–15 minute access to Central and Admiralty

• Proximity to elite international schools and country parks

• Low-density zoning with strict development controls

• Neighbourhoods anchored by heritage homes and modern mansions

Nearby core properties such as Strawberry Hill, Severn Road, and Lugard Road continue to attract discerning buyers seeking privacy, scale, and timeless value. These addresses form the backbone of Hong Kong Island’s ultra-prime residential landscape.

Conclusion

The sale of 1 Gough Hill Road is a clear reflection of The Peak’s enduring status as Hong Kong’s most exclusive residential district. With its combination of scale, location, and architectural pedigree, The Peak remains the definitive choice for those seeking legacy homes in Asia’s leading financial hub.

Photo credit: Google Map