Issue: February 08, 2012   (Archive)
Wednesday, June 19, 2013   

On shaky ground
Mainland developers are in survival mode as residential sales are slow and government tightening policies, including buying restrictions, are still in place. Some developers have been trying what are akin to fire sales at projects to replenish cash.



World at your feet
If you need perking up, take a look at the newest development in London - the top- notch Baltimore Wharf, on the banks of the River Thames. A prestigious spot in the borough of Tower Hamlets, Baltimore Wharf provides access to all places of interest in this vibrant city.

Peak of royal living
The peak - where Hong Kong's wealthiest families live - is the district where many people dream of having a home. Monte Bello is a three-story unit on The Peak with fantastic views of Victoria Harbour.

Classy living
Surrounded by sea and overlooking the exclusive Aberdeen Marina Club and the floating restaurants the area is known for, Larvotto offers luxurious living to the upper class with elegant taste.

Hot for hotels
In the first half of 2011, there were 1,161 investment transactions valued at more than HK$30 million among all property sectors, including residential, office, industrial and retail. This represented a year-on-year surge of 48 percent, while the total value of HK$88 billion marked a 46 percent rise.

High-speed booster
By some analysts' accounts, property prices are set for a high double-digit tumble this year. Others estimate a low single-digit dip in residential property prices.

Center of attention
Here's a winner at Scenic Garden in Mid-Levels West - a luxury project with broad city and Victoria Harbour views. This 1,344-square-foot rooftop flat has a bright and spacious living room with large furniture.

Visitors pay for squeeze in rooms
A drawcard for visitors from across the seas and across the border, Hong Kong is also an expensive destination. Lodging in particular, is costly - whether it be a backpacker hostel or luxury room with brandname toiletries and walk-in closets.

Galaxy quest
It's a rental show flat with a difference. The ceiling is just 1.5-meters high and the unit 18 square feet in size. But the would-be landlord proposes to charge HK$3,500 per month rent, which works out at HK$194 per square foot - more expensive than a luxury apartment in Repulse Bay.

Sea splendor
Surrounded by sea on three sides, Stanley has long been known for its low- profile luxurious dwellings. This top- floor apartment has upped the ante on luxury by an extra notch with its 1,000-square-foot terrace that is perfect for entertaining guests - who will only have the sea in their line of sight.

Core values
Strong buyer sentiment coupled with a dire lack of supply across all sectors have catapulted the local property market to stratospheric heights with the retail sector taking the lead in 2011.



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