A four-bedroom villa with pool, garden, elevator and unobstructed views of Hong Kong and Victoria Harbour has sold for $193 million (HK$1.16 billion).

Located in the exclusive Peak district, the 853sqm home is designed by London-based David Collins Studio, and has been sold fully furnished. The home has two parking spaces, a master suite with two dressing rooms and ensuite bathrooms, Gaggenau appliances, and smart-phone controlled amenities.

The price per square foot was $21,000 (HK$126,813), the most paid for a unit in the exclusive Mount Nicholson development, according to Wheelock Properties. Wheelock developed the project along with Nan Fung Development.

The sale highlights the gaping inequalities in Hong Kong, where the average living space is just 14sqm per person.

The UBS Global Real Estate Bubble Index says Hong Kong is in "bubble risk territory", and a “mild correction” is likely.

A home on the Peak sold for $350 million (HK$2.1 billion) last year, according to the South China Morning Post.

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