Luxury Real Estate Blog and News
Ap Lei Chau
The residential lot at Lee Nam Road, Ap Lei Chau was purchased by PRC capitals at HKD 16.8 billion last Friday and it broke the highest record in Hong Kong.
Some Chinese real estate developers are pushing for more transactions in Hong Kong as the Mainland market slows down.
Property developers criticized government measures to rein in Hong Kong’s rising property prices, stating that these measures do not fit with the government’s aim as they are more prone to scare off ordinary home buyers rather than wealthy speculators.
Six years and an investment of over US$514 million (RMB 3.5 billion) have gone into this project by Overseas Chinese Town Group. Located at Dameisha, Shenzhen, the development covers nearly 9 sq km between the mountain and the sea, and skillfully lays out three major theme parks: Daxia Valley, Chaxi Valley and Yunhai Valley, which integrate echo technology, leisure amenities, outdoor sports facilities and other cultural amenities for this rare, high-end and low-density project. Spreading into seven distinct areas, the project has been designed by the world-class architects and design firms including Richard Meier, Singapore’s SCDA, ALD from Canada and Hong Kong’s Rocco Design.
Some 18,462 new projects started construction in China in the first two months of this year, 71 fewer than in the same period of 2009, according to statistics released by the National Development and Reform Commission. These new projects involve a total investment of 1.0616 trillion yuan (US$155.5 billion), up 42.7 per cent year on year. Meanwhile, there were 92,870 projects under construction in China in the first two months, a year on year increase of 14,171.
MIXION, a residential development by renowned Beijing- based property company Huayuan Property Co., will shortly go on sale. MIXION is another classic property in the same vein as the Huayuan Kunlun Apartments and Huayuan Qiu Ma Du and the kind of luxury residence rarely seen in Beijing recently. The project is located in the heart of Beijing’s Yansha Business District and the Third Consulate District. The area is home to a number of luxury hotels and commercial facilities, including the Hilton Hotel, Kempinski, Great Wall Hotel, Kunlun Hotel, and Yansha Friendship Mall. It is known as the center of Beijing for foreign related activities, and also boasts the highest concentration of foreign-related organizations in the city.