Homes Living In Hong Kong Newsletter Property

Real estate news: Apartment listings, predictions on home price discounts and available properties

By: Letizia Casalino, Hong Kong Sotheby's International Realty

2015 is promising to bring hope to those who could not afford to buy their first home or invest in a property in 2014. With analysts predicting a potential drop in prices due to a slower economy, interest from buyers has grown again.

After a greater impact across more industries was realised as a result of the Occupy Central protests, the market has picked up again. Agencies have been busy with on-site visits, various launches of large development complexes and of course meetings with investors who seek guidance in the real estate market.

This year, most of the new developments will still be on the smaller size in terms of scale, where developers might not necessarily drop prices, but rather offer certain benefits to keep attracting buyers. A significant price drop is also expected in the secondary market this year, where the interest of those who were “waiting to see” has risen again.

The rental market is still going strong and prices are as volatile as usual, especially in the middle market. However, the market is hungry for new stock and premises to become vacant.

 

Check out these property listings (Gallery above):

Exceptional Entertaining

District:           Chung Hom Kok [5336]

Rent:               $260,000

Size:                2,711 sq. ft

Bedrooms:       4 (2 ensuite)

Bathrooms:     3.5

Beautiful views reach from nearby gardens to the sea. The unique space is newly renovated throughout, and includes a state-of-the-art kitchen.

Family Apartment

District:           Pokfulam [84402]

Sale price:        $3.4 million

Size:                2,079 sq. ft

Bedrooms:       4 (1)

Bathrooms:     2

A four-bedroom apartment that has been tastefully renovated with high-end fixtures. It boasts a great internal space plus a generous balcony.

Colonial Gem

District:           Mid-levels West [63844]

Rent/sale:        $62,000/$31.8 million

Size:                1,612 sq. ft

Bedrooms:       3(1)

Bathrooms:     2

This spacious colonial apartment is positioned on Robinson Road, and comes with a fully renovated kitchen and bathroom.

Executive Living

District:           Discovery Bay [126040]

Size:                876 sq. ft

Rent:               $35,000

Bedrooms:       3 (1)

Bathrooms:     2

Stunning sea views to Disneyland and beyond are a highlight of this designer renovated and spacious apartment, along with a kitchen with high-end appliances.

Unique Townhouse

District            : Tung Chung [36064]

Rent:               $65,000 (incl.)

Size:                1,717 sq. ft

Bedrooms:       3(1)

Bathrooms:     2.5

Within easy reach of the MTR, this townhouse boasts a one-of-a-kind design, and includes a peaceful, lush green garden.

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