Hong Kong is planning to make an eye-catching Skyscraper inspired by a blossoming flower on the record-breaking $3 billion land, according to the latest real estate news on Thursday.
The 623 feet curvilinear glass tower is planned at the heart of Hong Kong, central district. Reports show that $3 billion were exchanged in 2017 with the purpose to construct the new tower.
Already Zaha Hadid Architects completed the 36-story design of the glass skyscraper. According to a press release, the design came from the “structural forms and layering” of a blossoming bauhinia.
Bauhinia is commonly known as the orchid tree in Hong Kong which also appeared in the flag. Designers are trying to achieve an “urban oasis” by creating a series of gardens and courtyards at the ground level.
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Hong Kong Skyscraper Deal Made a Parking Garage to a Record-Breaking Property
According to global real estate firm Jones Lang LaSalle (JLL), the 31,000 square-feet land was actually a multi-storied parking garage.
The land was acquired by Henderson Land, a property developer in Hong Kong. This exchange made it the most expensive land in the world.
However, there are reports that two other land purchase deals surpassed the $3 billion mark in the last two years. A data from the Hong Kong’s land registry shows, one plot exchanged at $3.25 billion in 2018 and another $5.45 billion last year.
But in terms of per square foot price, the curvilinear tower site is the most expensive one ($6,450). Henderson Land declared that the glass tower is expecting an opening in fall 2023.
The design is showing a series of curved glass facades. At the top of the building, there is a “sky garden.”
According to the designers, the garden will be a “biological air-purifying filter.”
Henderson Land also owns multiple high-profile real estates making Hong Kong the most expensive real estate market in the world. They are thinking about renting office spaces at a sizable price.
A recent report shows Hong Kong central district office spaces are rented at a double price compared to the downtown of Shanghai and Singapore.