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Buyer agrees to purchase detached One Stanley house for US$19.26m
The four-bedroom, 3,336 sq ft home at One Stanley was sold for HK$151.1 million, and the deal comes as Hong Kong luxury market sentiment stays pressured by taxation and a slower momentum backdrop.
A buyer named Yi Bing has agreed to purchase House 11, a detached home in southern Hong Kong’s One Stanley luxury development, for more than US$19 million, according to Land Registry records cited by SCMP Economy.
The purchase agreement, signed on July 27, covers a four-bedroom residence measuring 3,336 sq ft, which sold for HK$151.08 million, or about US$19.26 million, equivalent to HK$45,288 per sq ft.
SCMP Economy reports that Companies Registry records list a Yi Bing as a director of GlobeVisa Group (Hong Kong), the local entity of GlobeVisa Group, as well as Wenya Charity Foundation. GlobeVisa declined to comment on the transaction, citing client privacy and asset confidentiality.
The latest deal lands as activity in Hong Kong’s luxury residential market has cooled, with uncertainty around mainland taxation of offshore investments and a slowdown in broader market momentum weighing on sentiment, SCMP Economy said, though large transactions suggest demand at the top end remains resilient.