Shouson Hill Redevelopment Site Fetches Record Breaking Sales Price

A redevelopment site at 39 Shouson Hill Road has been sold to a Chinese Property Developer Charm Glory Resources for an eye watering sum of HK$ 5.93 Billion making it the most expensive sale for residential land in the City.

 

 

 

 

 

 

 

 

 

 

The total which amounts to US$755 Million breaks the previous record for a land sale on the Peak of the iconic Ho Tung Gardens in 2015

The South Side Site is expected to be developed into Super Luxury homes with sales prices around HK$ 135,000 per sq ft which will make it the most expensive homes in the city when completed.

 

 

 

 

 

 

 

Los Angeles to Overtake Worlds Top Spot for Luxury House Pricing Overtaking Hong Kong

Los Angeles is home to the world’s most expensive residential property – a mansion called “The One” located in the exclusive Bel Air neighbourhood, which is due to go on the market in mid-2018 for US$500 million (HK$3.92 billion)

The average price of a luxury home in LA at the end of 2017 was US$2.5 million, not far behind Hong Kong’s average of US$2.8 million, according to a recent report by Christie’s.

Los Angeles luxury property prices last year fell well short of Hong Kong’s premium properties, especially in The Peak neighbourhood.

The most expensive property sold in LA last year went for US$88 million, while Hong Kong boasted the world’s first and second most expensive home sales of 2017, fuelled by mainlanders seeking to hedge against yuan depreciation by buying “trophy homes” in limited supply.

Because of this, the report named Hong Kong as the world “most luxurious” prime housing market for the second year running

Pollocks Path Estate on The Peak was sold for a record-breaking HK$2.8 billion (US$360 million) to technology manufacturing tycoon Yeung Kin-man in January 2017 while two units in the Mount Nicholson development sold for HK$1.6 billion (US$149 million) in November.

More recently, another house on The Peak changed hands for HK$1.39 billion (US$177.3 million) in March – making it Asia’s second most expensive property on a square foot basis

[SOLE AGENT FOR SALE] HK$30M | FULHAM GARDEN | 84 Pok Fu Lam Road | Hong Kong

Very Spacious Three Bedroom Family Home in a Popular Mid Levels High rise with almost 90% Efficiency Layout.  Good Size Balcony and Kitchen with Integrated Appliances, separate utility and maid quarters. Located next to Hong Kong University and Hong Kong’s most prestigious schools as well as on a major bus network to and from all parts of Hong Kong and the New MTR Exit at HK University.  Offered Vacant Possession and with One Car Park. Available for Viewing by Appointment.

Age: 1976  Size(n): 1560 sq ft net  3 Bed, 2 Bath, 1 Maid Room, 1 Car Park.  Contact: Anthony Hindmarsh 9105 1406 Email: anthony@qi-homes.com

 

Redevelopment Site in Sai Ying Poon Fetch Record Breaking Prices

The Urban Renewal Authority (URA) has made an offer to buy 101 Units in a Sing Ying Poon Block of Apartments between Sung Hing Lane and Kwai Hing Street.

The prices offered comes to HK$ 23,568 per sq ft which means a vendor of a  500 sq ft flat will receive HK$ 12 Million which will be the highest price offered.

Researchers predict that once redeveloped properties will be valued at more than HK$ 30,000 per sq ft.  This announcement was made after home prices in the worlds least affordable city continue to rise despite the government imposing multiple cooling measures with little to no effect.

Source: Google

Source: Google

 

 

 

[FOR RENT] HK$80K | ELEGANT COURT | 333 Tai Hang Road | Hong Kong

Exceptional three bedroom family home in exclusive area close to the French International School with internal staircase to a private roof terrace. Rarely available. Includes one Car Park Age: 1982 Size(n): 1628 sq ft net 3 Bed, 2 Bath, 1 Bathroom, 1 Maid Roo Contact: Anthony 9105 1406 Email: anthony@qi-homes.com

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[FOR SALE] HK$62.8M | PINE VILLA | 49 Stanley Village Road | Hong Kong

Rarely available Flat with huge private Garden  minutes walk to Stanley Market and located in a quiet low rise building.  Excellent opportunity with Huge Potential to renovate for self use or rental.   Age: 1963 Size(n): 1783 sq ft net 2 Bed, 2 Bath. 1 Maid Room, 1 Car Park Contact: Anthony Hindmarsh 9105 1406  Email: anthony@qi-homes.com

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