A luxury unit in Hong Kong has sold for a record square foot price of HK$41,000 (US$5,247), according to a report.

Sung Hung Kai Properties Ltd.'s sale of a unit at its Severn 8 at the Peak project brought in HK$210,000 million (US$26.9 million), XFN-Asia reported Monday.

Victor Liu, executive director at sung Hung Kai said the sale is a record high selling price in Hong Kong and even in Asia.

The project includes 22 three-story houses ranging from 3,300 to 5,100 square feet. The buyer is a Hong Kong merchant who runs businesses in the mainland, according to Victor Liu, executive director at Sung Hung Kai.