Peek inside this US$281 million Hong Kong mansion, up for sale: the 11-bedroom, 8-bathroom family home in Repulse Bay spans a whopping 18,270 sq ft, with both beach and mountain views

Aug 21 , 2023

The stunning new development at 72 Repulse Bay Road, Hong Kong. Photo: Habitat Property

Despite the luxury housing market facing challenging conditions lately, a developer in Hong Kong has listed this Repulse Bay mansion for US$281 million – so what does it look like?

The city has commanded some record-breaking property prices in the past, attracting Chinese billionaires like Alibaba’s Jack Ma and Tencent’s Pony Ma, and local tycoons including Li Ka-shing

A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion (US$281 million), a price that would that make the property among the city’s most expensive transactions, at a time when the luxury housing market is facing challenging conditions.

The family home at The Repulse Bay, Hong Kong. Photo: Habitat Property

The 18,270 sq ft house in the city’s upmarket Repulse Bay area was completed just over four years ago, before citywide protests and the pandemic shutdown curbed property transactions. The building, positioned between two roads, has some 11 bedrooms, eight bathrooms and an outside patio.

The property has around 11 bedrooms. Photo: Habitat Property

The site, previously occupied by a five-story block of flats, was bought by local property firm First Group Holdings in 2014 for HK$350 million before being redeveloped, according to government data.

This home is going up for sale for US$281 million. Photo: Habitat Property

“The pricing is high amid current market conditions being soft,” said Victoria Allan, founder of Habitat Property, which is one of the agents for the house. Any mainland buyer would likely need to live in the city due to the difficulty of moving cash out of China, she said.

Still, the house is one of a kind and will find an owner over time, with its premium due to the property’s rare size and prime location, she said.

One out of the eight bathrooms of the property. Photo: Habitat Property

The construction of the mansion finished with classical details dates back to a former era when wealthy mainland buyers including Alibaba’s Jack Ma and Tencent’s Pony Ma flocked to the city for trophy homes, supercharging the luxury property market.