A penthouse at CK Asset Holdings’ luxury residential project in Hong Kong’s Mid-Levels has been sold via tender for HK$380.77 million (US$48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city’s high-end residential segment.

Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Central fetched HK$126,000 per square foot, the highest price for the development and for new home sales this year, according to the statement on Thursday.

The five-bedroom flat, with three en suite rooms and a saleable area of 3,022 sq ft, offers panoramic views stretching from Central to Wan Chai.

The project had now sold four mansions via tender for a combined HK$1.05 billion, said Kristy Chan Wing-chi, sales manager at CK Asset.

The developer resumed sales of ultra-luxury homes at 21 Borrett Road early this month. The second phase of the project comprises 66 flats from 1,875 sq ft to 2,193 sq ft in saleable area, plus a limited number of special units, including two penthouses exceeding 2,900 sq ft.

The city’s high-end housing segment has seen a string of deals, including purchases made by top business executives and celebrities.

Hong Kong actor and singer Eason Chan bought a HK$182.53 million home in Shouson Hill in Southern district, according to Land Registry records. The property had four rooms and a garden, with a saleable area of 2,801 sq ft, agent listings showed. With the purchase price, the property came to HK$65,166 per square foot.