Though analysts predict a slow down in Hong Kong’s property market this year, the luxury home sector is still looking healthy for now.
According to property agency Centaline, luxury home sales hit a record of US$24.6 billion last year. There is certainly no shortage of new residential properties available for sale and lease in the city, but too many options can leave buyers overwhelmed. We’ve rounded up some of our favourite recent launches to help you on your house hunt.
In April 2018, Wing Tai Properties Development Limited and Manhattan Group released Le Cap – a 1930s modern French-Riviera style, Art Deco development designed by award-winning French interior designer Pierre-Yves Rochon.Located at the prestigious Kau To Shan in Sha Tin, Le Cap is surrounded by lush greenery and enjoys magnificent views of Pat Sin Leng and Tolo Harbour. Property sizes range from 1,597-square-foot for a four-bedroom apartment to 3,285-square-feet for a four-bedroom house. Properties here have sold at the price range of HK$40,265,000 to HK$165,550,000.
The Bloomsway by Kerry Properties Limited includes 43 terrace houses with private gardens and parking spaces. Located between the mountains and sea in So Kwun Wat in Tuen Mun, units range from 1,785-square-feet to 2,877-square-feet and have sold for between HK$53,550,000 to HK$95,000,000. Launched in late 2017, The Bloomsway offers a low-density lifestyle, access to a full-facility clubhouse, and schools, beaches and country trails close by.
Launched in early 2018, the 79 premium residential units of Babington Hill in Mid-Levels West offers a high level of privacy close to the CBD. A joint venture betweenSharberg Holdings Limited, Phoenix Power Holdings Limited, Assets Garden Holdings Limited, Sun Hung Kai Properties Limited, and New World Development Company Limited, residents here enjoy a private clubhosue with a gym and pool. Units range from 493-square-feet to 1,888-square-feet, and are priced between HK$18,845,000 to HK$23,887,000.
A joint venture by New World Development and Henderson Land Development, Timber House, which was launched in May 2019, includes a treehouse-inspired clubhouse designed by Hong Kong based NC Design & Architect Ltd and a lush vertical green wall façade. Located near Kadoorie Hill in Ho Man Tin, the studios, one and two beroom units here range between 204-square-foot to 526-square foot and have sold for between HK$4,992,000 to HK$14,823,000.
Located in the heart of Kowloon, Henderson Land Development’s The Vantage has a unique clubhouse inspired by the shape of a luxury cruise ship. Overlooking the Victoria Harbour and the Kai Tak Cruise Terminal, The Vantage is just a six-minute walk to the soon-to-be-launched MTR station, Ho Man Tin, will be be connected to the Hong Kong West Kowloon Station. Unit sizes range from 170-square-feet to 425-square-feet bedrooms, and sell for between HK$4,158,000 and $12,160,000.
Besides for sale properties, a number of the luxury residential developments for lease also caught our attention.
Completed in April 2019, the units of Wing Tai Properties’ Lanson Place Waterfront Suites range from 345-square-feet to 1,363-square-feet, with monthly rentals of between HK$28,800 to HK$133,750. Located along the Eastern waterfront with unobstructed harbour views, the property is just a five minutes walk to Sai Wan Ho MTR station, and within close proximity to Cityplaza and SoHo East malls. The property has duplexes and penthouses with rooftop pools for rent, which are a rarity in the city.
Launched in 2016, Swire Properties’ STAR STUDIOS offers a selection of thoughtfully designed, fully furnished studio, one-bedroom and two-bedroom units in a prime development with a landscaped outdoor terrace, fitness room, lounge, and yoga room. Located near Pacific Place mall in Wan Chai, the studio, one-bedroom and two-bedroom units, which range from 206-square-feet to 490-square-feet, come with “Nordic chic”, “Brick & Glam” or Designer Suite interior schemes,and are rentable for between HK$17,800 to HK$47,000 per month.