June 26, 2009

The Brentwood penthouse apartment sold for $28,700,000

Landscope Realty announces the sale of penthouse apartment at The Brentwood, 11 Repulse Bay Road, Repulse Bay, Hong Kong for $28,700,000. The sale and purchase agreement is signed today.

The sale price represents $18,445 per square foot based on a gross area of 1,556 square feet. The property has additionally a private roof of 1,400 square feet approximately.

According to Ms. Teresa Lau, a senior manager with Residential Department, the owner originally asked for $28,000,000 but keen competitions had driven up the price within a matter of a few days. ”Before accepting my client’s offer, the owner has had already signed a provisional agreement with another buyer. As my client is keen to purchase with a higher price, the owner finally returned the deposit paid by the other buyer and sold the property to my client,” she said.

Tucked away from major traffic throughway in the lush green hillside of Repulse Bay Road, apartments in The Brentwood enjoy spectacular sea view and mountain view. Situated high on Repulse Bay Road, residents have easy access to the business, entertainment, and commercial centers of the island’s north side. The shopping and recreation facilities of Repulse Bay, Stanley and Deep Water Bay are a short drive.

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