The 18,000-square-foot mansion with 11 bedrooms represents a former era when wealthy mainland Chinese buyers flocked to Hong Kong for trophy properties.
Repulse Bay is now a well-off area of mostly high- and low-rise apartment blocks built on slopes above a popular beach. Photographer: Lam Yik/Bloomberg Economics , Bloomberg
A developer is seeking to sell a huge mansion in Hong Kong for HK$2.2 billion , a price that would that make the property among the city’s most expensive transactions, at a time when the luxury housing market is facing challenging conditions. “The pricing is high amid current market conditions being soft,” said Victoria Allan, founder of Habitat Property, which is one of the agents for the house. Any mainland buyer would likely need to live in the city due to the difficulty of moving cash out of China, she said. Still, the house is one of a kind and will find an owner over time, with its premium due to the property’s rare size and prime location, she said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong Rental Market Boosted by Chinese Taking Up Top Talent Pass VisasAn influx of mainland Chinese taking advantage of a new visa program to work in Hong Kong is helping buoy rents in the city to the highest level in almost two years, reversing a downward trend that started during the pandemic.
Read more »
Hong Kong Stocks Poised for Bear Market as Growth Risks MountChinese stocks saw volatile trading as worrying signs mount in all corners of the economy.
Read more »
Hong Kong Serviced Apartment Owners Seek Sale for $166 MillionHong Kong-listed Asia Cassava Resources Holdings Ltd. and veteran property investor Lin Tsz Fung are seeking to sell a commercial building for HK$1.3 billion ($166 million), according to a representative from Asia Cassava.
Read more »
Woman charged in fatal 2022 wedding day crash in West VancouverHong Xu, 64, charged with driving without due care and attention
Read more »
Immigration policy change brings hope to Calgary Hong Kongers still worried about Chinese backlashCanada has eased requirements for Hong Kongers applying for permanent residency through a temporary immigration pathway created after China began arresting pro-democracy protestors.
Read more »
Felix Auger-Aliassime bounced from Cincinnati Open by Adrian Mannarino in straight setsThere was good news and bad news for Felix Auger-Aliassime at the Cincinnati Open.
Read more »