New World Development takes Hong Kong lifestyle to another level, set to launch priciest serviced apartments
- New World Development plans to lease apartments at K11 Artus in Tsim Sha Tsui for HK$167 per sq ft
- Four Seasons Place Hong Kong charges 33 per cent less or HK$126 per sq ft
New World Development is set to displace Four Seasons Place as the operator of Hong Kong’s most expensive serviced apartments.
Agents say NWD plans to offer leases at its K11 Artus serviced apartment development, part of the US$2.6 billion Victoria Dockside project in Tsim Sha Tsui, for a third more than what luxury hotel operator Four Seasons Place Hong Kong charges for its serviced suites in the IFC complex in Central.
The Hong Kong builder will offer leases for as much as HK$167 per square foot per month for its 287 units when they are ready in the third quarter of this year – 33 per cent more than Four Seasons’ HK$126 per sq ft.
With unit sizes ranging from 510 sq ft for a studio to 1,921 sq ft for a three-bedroom apartment, tenants would be paying between HK$57,000 (US$7,265) and HK$320,000 per month.
The flats, featuring 70 different layouts, offer unrestricted views of Victoria Harbour, and come with luxury amenities among other touches.
