Mid Levels Western Luxury Homes and villas
Mid Levels Western Luxury Property Search
Mid Levels Western Hong Kong’s property market is coupled with its band 1 elite schools network and the grand opening of west island line, Mid-levels West has been estimated for potentially breaking the existing record of Hong Kong’s most expensive apartments and homes for sale. Due to the lack of lands, government has actively developed the land supply and relaxed or lifted the restrictions on land sales and development. The reason is that most westerns and western minded residents want to live in Mid-levels Western Hong Kong and the property prices reflect that premium.
Thus, mid-levels western is becoming the new property investor hot spot. Mid levels Hong Kong Property buyers could enjoy the highest privacy and placid lifestyle in the area. The low density buildings with high ceilings and colonial flair are what all luxury home buyers want in this metropolitan Hong Kong. Among most of Hong Kong luxury markets, mid-level western is the most promising area. In the case of short supply, the price hits all time highs in 2015 and continue to soar. Again, the lack of housing supply in the area coupled with high demand for local and international property buyers seem to have no end in sight.
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.
Housing prices in Hong Kong are the most overvalued and at the greatest risk of collapse, according to a report focused on 20 major cities.
A group of developers in Hong Kong are disputing suspicion that they are hoarding flats, an act anathema to the government’s efforts to address the housing affordability crisis.
Sources say the Hong Kong government has decided to impose a vacancy tax on property developers that hold on to completed units, RTHK reports.