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.
PropGOLuxury.com would like to wish you a very MERRY CHRISTMAS and to a sensational 2018!
Hong Kong's home prices have hit another record high, increasing for the 17th straight month in August (2017).
A mid-high-floor 2-room unit (saleable area: 431 sq ft) at Flat D, Fairview Height, Mid-Levels West has been changed hand for HKD 8.26 million, or HKD 19,165 per sq ft.
According to market report, 2,554 cases and a total consideration of HKD 73.412 billion for primary luxury with values over HKD 12 million were recorded in the first 10 months this year.
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.