Here are Hong Kong's biggest luxury home sales in 2Q14

Price expectation gap noted to be closing.

Luxury residential prices in Hong Kong Island stabilised in the second quarter of 2014, with some significant transactions reported in prime areas.

According to a research report from Savills, market sentiment in the luxury residential market was reactivated by transactions mainly focusing on good quality stock in traditional areas, with a few transactions reported on The Peak and Southside.

The price expectation gap between buyers and sellers is now closing, resulting in more deals being completed.

The most notable transaction this quarter was the sale of the 11/F of Opus by Swire Properties.

Here’s more from Savills:

According to market news, this 5,409-sq ft net luxury apartment was sold for $430 million with two car parking spaces, equating to a price per sq ft of HK$79,497.

Meanwhile, an eight-storey whole block at 74 Repulse Bay Road with eight residential units was sold for HK$350 million.

Kowloon and the New Territories. The luxury residential market in Kowloon and the New Territories was also stable in Q2/2014.

The launch of the Grand Austin drew a strong response from the market, however, with demand seen from both end users and investors.

Meanwhile, the Ho Man Tin market received support from the future Sha Tin–Central Link in the second quarter, and we expect the area to remain in the spotlight in the upcoming years. The most significant transaction in Q2 was the sale of a house at 35 Cambridge Road in Kowloon Tong for HK$218 million.

Also Read

Colliers handles sale of coveted King’s Park Hill property

Duplex in Repulse Bay listed for $360M sale

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit