Global Opportunities: Hong Kong

Check out Hong Kong’s most prestigious properties

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The Opus property in Hong Kong
Lego Ho | CNBC

Hong Kong's property market is famously expensive, even for its plebian properties, with prices having more than doubled since 2009. But even in a land-starved city where property is so important that real-estate services contributed more than 10 percent of gross domestic product (GDP) in 2013, some properties stand out.

These are Hong Kong's most prestigious addresses.

*Currency conversion as of October 13, 2015.

The Ultima building in Hong Kong
Lego Ho | CNBC

The Ultima

This 256-unit luxury property has been defying expectations of a demand drop-off in the high-end real estate sector after the government introduced cooling measures, including doubling the property transaction tax, in 2013.

Belying the city's reputation for shoebox units, apartment sizes at the Ultima range from 900 square feet to more than 2,000. The phase-one units at the Sun Hung Kai Properties development have fetched as much as 46,630 Hong Kong dollars ($6,016*) per square foot, the South China Morning Post reported, with one unit listed at around 100 million Hong Kong dollars ($12.9 million).

The Opus property in Hong Kong
Lego Ho | CNBC

The Opus

This 12-storey luxury building located in Hong Kong's tony Peak district was designed by reknowned architect Frank Gehry. In June the building set a record for the most expensive apartment in Asia, when one duplex unit sold for 497.9 million Hong Kong dollars ($64.25 million). Units in the building are reportedly sometimes leased for as much as 850,000 Hong Kong dollars ($110,000) a month.

At the end of July, Rose Lee Wai-mun, an independent Swire Pacific director and wife of Francis Yuen Tin-fan, a former CEO of Hong Kong Exchanges & Clearing, bought a unit in the building for about 375.4 million Hong Kong dollars ($48.44 million), the South China Morning Post reported.

Mount Nicholson in Hong Kong
Lego Ho | CNBC

Mount Nicholson

This development will contain 19 luxury houses as large as 10,000 square feet each, as well as 48 apartments, in the Peak neighborhood. Wheelock Properties, which will market the development, expects it to become the most valuable property on the Peak, with an asset value of more than 20 billion Hong Kong dollars ($2.58 billion) in total, The South China Morning Post reported. Robert Stern, the architect of Manhattan's 15 Central Park West, is among the designers working on the project's homes, the report said.

Ho Tung Gardens in Hong Kong
Lego Ho | CNBC

Ho Tung Gardens

This historic site in Hong Kong's prestigious Peak fetched 5.1 billion Hong Kong dollars ($660 million), in January, a record for a residential site in Hong Kong. The main building on the site was demolished by a previous owner a couple years ago. The buyer is a developer.

The price tag works out to around 82,258 Hong Kong dollars (($10,613) ) per square foot for the 62,000 square foot buildable area, the South China Morning Post reported.

Grenville House in Hong Kong
Lego Ho | CNBC

Grenville House

The 44-year-old development offers more spacious homes than are often available in newer buildings, with units larger than 3,000 square feet and including big balconies. A unit recently sold for 110 million Hong Kong dollars ($14.19 million). Residents have included the former Hong Kong governor, Tung Chee Hwa, who eschewed government housing, in the form of a colonial-era mansion, during his 1997-2005 tenure to continue living in his Grenville apartment.

Tower at 39 Conduit Road in Hong Kong
Lego Ho | CNBC

39 Conduit Road Towers

Located on one of the main drags in the popular Midlevels neighborhood, this building briefly held the crown for the most expensive apartment in Asia. In April, a 4,500 square-foot-plus apartment sold for $56 million (434 million Hong Kong dollars). The record was topped in June by The Opus.

The building offers its residents relative privacy, with only two units on each of the 33 residential floors, and amenities including an outdoor heated pool and landscaped gardens. Apartment sizes range from around 2,000 to just under 6,000 square feet.

A house at Twelve Peaks in Hong Kong
Lego Ho | CNBC

Twelve Peaks

This development of 12 houses in the Peak neighborhood may be among the world's most expensive on a per-square-foot basis. One home was initially priced at around 819.1 million Hong Kong dollars ($105.69 million).

In January, a Twelve Peaks property sold for 491.96 million Hong Kong dollars ($63.48 million), or 113,633 Hong Kong dollars ($14,662) per square foot, which at the time made it Hong Kong's third-most-expensive home by square foot, the South China Morning Post reported.

A house at Gough Hill Residences in Hong Kong
Lego Ho | CNBC

Gough Hill Residences

Located in the Peak, Gough Hill comprises just five houses, ranging from 5,600-7,800 square feet each, with private swimming pools and gardens.

In 2014, one home of more than 5,000 square feet was sold for 650 million Hong Kong dollars ($83.87 million), or more than 126,000 Hong Kong dollars ($16,258) a square foot, the South China Morning Post reported. At the time, it was the second-most-expensive house in Hong Kong, the report said.

Pacific Palisades development in Hong Kong
Lego Ho | CNBC

Pacific Palisades

These rental homes are situated in the pricey Midlevels neighborhood and offer relatively sizeable units, by Hong Kong standards. The four-bedroom duplexes range from around 1,300-2,200 square feet, with rentals priced from 65,000-90,000 Hong Kong dollars ($8,387-$11,612) monthly. Amenities include a ballet room.