Hong Kong Luxury Homes and villas
Hong Kong Luxury Property Search
As a global financial and commercial center, Hong Kong has established its corporate role with other high quality and livability indexes as well. Hong Kong has also been hailed as “the Pearl of the Orient” and the “New York of Asia”.
It is one of the most sought after locations for investment due to its unparalleled proximity to the mainland, Common Wealth law, and English speaking atmosphere. Its economic stability, openness of free market and transparency of market regulations are comparatively superior to other Asian countries. Being a mixture of the East and the West, it owns a unique style for the architecture and design. Hong Kong luxury flats could be seen in different shapes or sizes.
It tends to build myriad of skyscrapers favoring the surrounding views. Hong Kong could certainly furnish you with an advanced lifestyle for enjoyment. The Hong Kong property market has shown dramatic increases over the last 20 years and there is no end in sight to the property market continuing to deliver high returns.
Banks are slashing valuations for residential properties, in yet another sign of an approaching bear market in the city's real estate market.
Luxury brands are surrendering spaces well ahead of expiry due to concerns the weak trends in the third quarter will continue in the coming months.
Hong Kong has retained its place as the most expensive residential living location in the world with average prices of US$ 1,416 per sq ft being paid.
Home owners are being compelled to slash selling prices to secure buyers in Hong Kong's bleak secondary residential market.
Hong Kong stands apart is the most expensive city location in the world for prime property, some 61% more expensive than its nearest rival London.
An unemployed mainlander accused of attempting to burglarize the house of HK billionaire Li Ka Shing, charges were successfully withdrawn.