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HOME&PROPERTY
52
Jun-Jul15
To view properties, call Hong Kong Sotheby’s International Realty at +852 3108 2108
Letizia Casalino,
Hong Kong Sotheby’s
International Realty
Market
Update
Hot Pr operties
W
hile Mainland China’s property
market is suf fering from an
oversupply of property stock, Hong
Kong continues to launch new developments
in the primary market across many districts.
These developments are fetching billions of
Hong Kong dollars in just a matter of days as
developers offer low-price strategies in order
to offload the stock.
The volume of sales has declined in the
secondary market as investors have preferred
the primary market, not only due to the lower
prices, but to take advantage of being able
to purchase such modern apartments. This
is true for both Hong Kong properties and
internationally with investments in Europe or
the US.
This modern-designed apartment
has a combined living and dining
room that opens to a nice-sized
circular balcony, ideal for enjoying
alfresco moments, sunsets and
sea breezes. The kitchen is well
designed and equipped, and the
master bedroom and two other
bedrooms look out to tranquil
greenery.
OPEN
SEA VIEW
District: Pok Fu Lam
Sale price: HK$15M
Size: 1,003 sq. ft
Bedrooms: 3 (1 ensuite)
Bathrooms: 2
Sole Agent
Europe has become more attractive to Hong
Kong investors wanting to buy property, with the
Euro losingmore than 20 percent against the US
dollar. The same has been seen in the hospitality
industry where Asian investors have shown great
interest in buying hotels across Europe.
In the leasing sector, theWestern and Eastern
districts of Hong Kong, as well as Mid-levels,
have seen new buildings become available
and “older” buildings being revamped, which
promises good stock for this summer’s peak
season. A few gems are seeing the light as well,
offering a good mix of product for anyone who
is either new in town or wishes to move from
their current place. The summer season can
be quite hectic, therefore any new product will
attract new tenants in no time.