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A paper tycoon and his wife are reported to have made Hong Kong’s most expensive luxury property purchase this year, paying HK$1.45 billion ($180 million) for a nine-apartment complex in Repulse Bay.
The global housing market may be in a slump, but it’s thriving in Hong Kong-that is, if you own property valued in the multi-million range. In 2018, 47 homes in Hong Kong sold for a combined $2.5.
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The second half of 2019 may see a marginal increase in property prices across all categories, including luxury. According to Attitude Survey. According to the report, Hong Kong remained the most.
JLL, another real estate consultancy, expects Hong Kong’s luxury properties to benefit the most from the GBA, as the tech economy fuels the growth of ultra-high net-worth individuals in southern China.
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Hong Kong, Singapore, Paris, Berlin, Shanghai and Sydney. Analysts forecast that the prime property prices will witness further softening in 2019 amidst increased supply and overall softening in real.
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Hong Kong’s previous record sale was set in 2016. “There’s a feeling that the luxury sector won’t be affected even if there’s a downturn,” said Executive Homes’ Brown.
Hong Kong’s old Kai Tak airport was famed for its hair-raising landings, as planes skimmed apartment rooftops before touching down just minutes from bustling Kowloon. Now, the site is morphing into.
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