The global economic downturn, interest rate hike by the US Federal Reserve and swinging stock markets in mainland China can be attributed to the downturn in property market. As prices trend downwards, so are asset values.
When it comes to a weakening economy, the luxury market segment tends to show higher resilience in the real estate sector. Here in Hong Kong, luxury homes on the Island side are most desirbale options due to its prime CBD location.
Sai Ying Pun – BOHEMIAN HOUSE
Located on 321 Des Voeux Road in Sheung Wan, BOHEMIAN HOUSE by New World Development and Henderson Land offers 191 units, mostly with one- and two-room ones, as well as studio and three-room flats. The residence is only a short distance from SoHo, Central and Sai Ying Pun MTR station.
Sai Ying Pun – King’s Hill
King’s Hill by Sun Hung Kai Properties is a single residential tower on 38 Western Street in Sai Ying Pun. The 29-story residence offers 166 units sized from 310 to 890 square feet, including one- to four-bedroom layouts. The first wave of launch sold 68 flats last December.
Mid-Levels West – Wellesley
Henderson Land’s Wellesley is a luxury home development perched on 23 Robinson Road. It features 90 flats sized from 978 to 4,746 square feet, with two- to seven-bedroom ones to choose from.
Mid-Levels West – Alassio
Swiss property’s Alassio sits on 100 Caine Road. The 50-story block offers 197 units sized from 581 to 3,118 square feet. Layouts range from two- to four-bedroom, along with duplex penthouses.
Mid-Levels West – 55 Conduit Road
Co-developed by Chinese Estates and New World Department, the 55 Conduit Road development enjoys stunning open views. It features 35 units sized from 1,588 to 4,710 square feet, with three- and four-room ones making up the bulk. Six special units are available.
Mid-Levels West – The Morgan