Happy Valley Luxury Homes and villas
Happy Valley Luxury Property Search
Happy Valley’s environment is comparatively convert which appeals to many local HK celebrities as their top choice for a home. Although the transportation is less convenient compared to Causeway Bay, and the crowds in CB can seem unbearable to many locals and non-local people, it is still seen as a convenient destination to many to visit by the Island tram from the rest of Hong Kong Island. It is well-renowned for its horse-racing events. During race meeting, it would become extremely prosperous and crowded but Causeway Bay is always very vibrant and crowded and for some just what they are seeking when comes to buying a home or renting a home in this special area of Hong Kong called Causeway Bay.
Apart from that, many luxury apartments are built there. You can have a chance to become neighbors with many CB celebrities, such as former Chief Secretary for Administration and famous artists like Joey Yung. Also, the housing quality is good enough as it is surrounded by many famous restaurants and attractive festivals. Time to buy a flat which has mixed privacy and novelty.
According to market news, the street shop at G/F, 9 Sing Woo Road, Happy Valley, with an area of 1,100 sq ft and a 800-sq-ft cockloft, has been changed hand at HKD 52 million.
Villa 25A, 23-39 Blue Pool Road, Happy Valley, with an area of 4,571 sq ft, has been purchased by a company for HKD 301.8 million, or HKD 66,025 per sq ft.
Luxury property values in Hong Kong will continue its decline for the rest of the year, but it won’t be a precipitous drop, property consultants maintain.
Store rents at shopping malls in Hong Kong may dip somewhat but the slide for high-end street level retail spaces has yet to bottom out.
The luxury residential segment on Hong Kong Island experienced a sluggish first quarter after rental rates fell by 4.1% as expats move away from the CBD.
Dramatically increased taxes on home sales in Hong Kong caused 2013 house sales to drop 39 percent, the lowest sales figures in 17 years, according to the Hong Kong Land Registry.