Hong Kong has some of the best big-ticket and absolute absolute acreage in the world. The prices and affection of absolute acreage actuality bout some of the best celebrated absolute acreage in New York, Paris and London.
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Most big-ticket retail acreage in Asia? Hong Kong’s Causeway Bay
Peak Road, The Peak, Hong Kong
Average price: over HK$120,000 per aboveboard foot
Peak Road, at the actual top of Victoria Peak, is the world’s best big-ticket and absolute address. The abundant blooming alley claims top atom afterwards two apartments on 75 Peak Alley awash for an agitative HK$1.2 billion aboriginal aftermost year – the better accord in the history of Hong Kong’s residential market. The two backdrop (combined) have 11,000 aboveboard metres of active amplitude – a big accord in a city known for its shoebox-like flats. Pollock’s Path on The Peak advanced captivated the appellation of the world’s best big-ticket street, but there accept been no contempo sales there.
Koh Keng-shing, architect and CEO of Landscope Christie’s, a absolute acreage consultancy specialising in affluence properties, points out that backdrop on The Peak rarely come onto the market, which is one of the affidavit for such exceptional pricing. He adds that Mount Nicholson on The Peak is an absolute residential development ambience almanac prices, and is in hot demand among super affluent acreage investors.
Research predicts added rises advanced for affluence Hong Kong property
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Stubbs Road, Happy Valley/Mid Levels
Average price: HK$75,000 to HK$100,000 per aboveboard foot
Stubbs Road, above Happy Valley, has some of the best absolute developments on Hong Kong Island.
At the ultra-swanky Opus Hong Kong, a bifold adaptation was awash by the developer, Swire Properties, for HK$497 actor in 2015, setting the almanac as Asia’s best big-ticket collapsed at the time. The 5,188 sq ft bifold on the arena and aboriginal floors of Opus and including two car-parking spaces, sold for HK$95,971 per sq ft.
According to David Ji, administrator and arch of Research and Consultancy Greater China at acreage consultancy Knight Frank, high-net-worth buyers attractive for a affection acreage are not aseptic by prices. “Quality backdrop in areas like Mid-Levels and Southside of the island command aloft boilerplate prices as they are attenuate to find,” Ji says.
West Kowloon: Kowloon Station
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Average price: HK$20,000 to HK$75,000 per aboveboard foot
Infrastructure development and the actualization of the cultural commune in West Kowloon accept brought cogent changes to the mural of the area. With the International Commerce Centre (ICC) bringing in appendage bracket advance banks’ offices, apartments at adjacent developments The Arch and Sun Hung Kai Properties’ Cullinan West are advantageous absonant prices.
West Kowloon is Kowloon’s best big-ticket and absolute area, says KS Koh of Landscope Christie’s. A 5,497 sq ft West Kowloon adaptation accommodation in the Moon Tower, which includes a rooftop and a acceptable appearance of Hong Kong Island, sold for HK$41,125 per sq ft recently. Apartments in The Arch and in Cullinan West are actuality resold for about HK$50,000 per sq ft on boilerplate – some are priced alike higher.
St. Moritz sets their boring on Hong Kong and Chinese investors
Red Hill Peninsula Tai Tam
Average price: HK$20,000 to HK$45,000 per aboveboard foot
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This high-end residential breadth on the tip of Tai Tam offers an absolute ambit of accommodation, from townhouses to apartments.
Each abode has a minimum of three bedrooms, a ample living/dining room, one or added balconies, a barn for two cars, a roof terrace and clandestine garden, and best houses adore beauteous sea views. The prices of some of the backdrop listed afresh ambit from HK$25 actor to HK$90 actor with areas alignment from 2,000 sq ft to 5,500 sq ft. According to Koh of Landscope Red Hill Peninsula, buyers are admiring to the breadth because of its excellent views of the South China Sea and its peaceful family-oriented neighbourhood. Red Hill additionally attracts affluent buyers who appetite to alive abroad from the hustle and bustle of burghal living.
Deep Water Bay, Southern District, Hong Kong Island
Average Price: HK$50,000 to $120,000 per aboveboard foot
The breadth addition from Deep Water Bay to Stanley in the Southern Commune of Hong Kong Island is accepted as “billionaires’ row”, as tycoons Li Ka-shing, Stanley Ho and Lee Shau-kee alive here.
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The property at 110 Repulse Bay Alley is advised the best big-ticket acreage in the apple on a per aboveboard bottom basis. David Ji of Knight Frank says prices in the Southern Commune are not accepted to appear bottomward as the cool affluent who own backdrop there accept no charge to advertise and are not in the bazaar to speculate. Actual few backdrop in the breadth appear assimilate the market, and back they do, they are airtight up quickly, Ji says.
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