Repulse Bay Luxury Homes and villas
Repulse Bay Luxury Property Search
A 4,720-sq-ft odd-no. house at 33 Island Road, Repulse Bay, with a 2,035-sq-ft garden, has been sold under company transfer for around HKD 460 million.
A low-floor unit at Grosvenor Place, 17 Repulse Bay Road, Southern District, with an area of 1,908 sq ft, has been transacted at HKD 9.25 million, or HKD 48,480 per sq ft.
A three-story home - Sunbeam House 5 at 36 Repulse Bay Road - has been sold for HK$280 million, or more than HK$65,000 per square foot.
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.