Hung Hom Luxury Homes and villas
Hung Hom Luxury Property Search
The northern part of the older Hunghom is a mix of residential mid-rises and industrial-office buildings. Its southern part is by striking contrast a modern residential area comprised of large-scale developments having the frontage of Victoria Harbour.
Today, Hung Hom is a commercial district on the edge of the Kowloon East regeneration, but in five years time it could come to be seen as an extension of the Central and Admiralty business districts and thus part of Hong Kong’s CBD.
The Shatin to Central link will connect Hung Hom directly to Admiralty station by 2021, with a journey time of five minutes; Central will be accessible in 10 minutes.
According to Citibank, Hong Kong residents predicting a drop in home prices doubled to 56 percent from 28 percent last quarter.
Lee Shau Kee, the city’s second-richest man, announced his plans to step down as chairman of Henderson Land Development Co. Tuesday.
Residential property prices and sales in Hong Kong are expected to slow over the next year as buyer demand falls, according to the latest market survey.
Hong Kong is showing signs of a housing correction, compounded by the US-China trade dispute and the first interest-rate increases for the city in over a decade.
The opening of the high-speed railway between Hong Kong and Guangzhou may assuage the housing crisis in the Chinese SAR.
Hong Kong private home prices fell for the first time in 29 months in August and are expected to soften further.