Luxury Real Estate Blog and News
Hong Kong Island
The sales of luxury homes in Hong Kong plunged to a three-year low in the first 6 months of 2020.
Phase 2 of Mount Nicholson, The Peak sold 4 units last week, received over HKD 1.5 billion, in which units 16A & 16B were sold together with one agreement for HKD 912 million.
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.
Sun Hung Kai Properties launched 4 units of The Cullinan, Kowloon Station yesterday, which have all been sold.
According to market news, the Ridings, House No. 11, Chuk Yeung Road, Sai Kung, has been changed hand for HKD 115 million.
According to market news, Room 65, Mid-Floor, Block 11, Hong Kong Parkview, Tai Tam, with a saleable area of 2,157 sq ft, has been sold for HKD 56.3 million, or HKD 26,101 per sq ft.
Thailand’s current political crisis has been surprisingly beneficial to foreign sales of luxury properties as the baht gradually depreciates, according to real estate analysts.