Big Ticket Properties - What Should You Expect ?
Hong Kong with it’s glamorous skyline, spectacular harbour and 24 hour attitude, is one of the most prestigious and exciting cities to live. Along with New York and London this financial hub attracts the who’s who of the finance industry along with property developers, luxury brand operators, airline executives and those looking to capitalize in this dynamic city.
Whether you are a family or a single, and you want the best that Hong Kong can provide, there are districts that are known as being the most expensive in the world. Land is scarce on Hong Kong Island, so as part of a vertical city, there are opportunities to live with the best city views money can buy, or for those with more serene requirements, the beach suburbs will more than satisfy the most discerning resident.
The Best At The Beach - Repulse Bay
Starting with the beach suburbs, it’s very hard to go past Repulse Bay. This suburb has always been an ultra glamorous playground for the rich and famous with a long history of attracting visiting and local celebrities since the early 1900’s. Due to only track roads in those early days, this was a destination to stay overnight and enjoy the beautiful beach, cooling waters and stay in the chic original Repulse Bay Hotel. Today, there are many means of transport, good roads and luxury developments that make repulse Bay a sought after residential area with spectacular apartments and mansions.
Expect to pay top prices for magnificent views and 3+ bedrooms. HK$450,000 per month would be a good place to start for renting, and homes can sell for hundreds of millions of dollars. But, you get the beach lifestyle for this, privacy, space, quiet, and convenience to a vast selection of restaurants and shops, have room and safety for children to have a less restricted lifestyle with some of the best international schools for all ages, close by. You will get room for pets, and you would expect maid’s quarters for your live in helper/s. All this and only a 10 to 15 minute drive to Central.
You should get at least 2 covered car spaces if living in an apartment and plenty of outdoor entertaining areas with gardens, balconies and perhaps a rooftop private deck. If you don’t have your own private swimming pool, there will be at least one in the apartment complex along with residents Clubhouse facilities which can feature tennis courts, fitness gyms, spa and saunas, billiards rooms, children’s playrooms, conference and event hosting rooms and more all with 24 hour concierge services.
If you prefer a house, then the sky is the limit in terms of what you might expect. Outstanding views out over Repulse Bay Beach and Middle Island would be a prerequisite for the well heeled, along with a large dose of privacy. You will have plenty of high fences and gates to shield you from any prying eyes, definitely a swimming pool even thought the beach is one of Hong Kong’s finest with shark nets and life guards on duty. You may get a tennis court, you will definitely get some beautiful gardens, where you may need the services of a full time gardener, and you will have garaging and extra car parking for your friends when you entertain.
Urban Glamour – The Peak
If you choose to live the glamorous urban lifestyle then you will no doubt be looking to live at The Peak and hillsides that have the ultimate magical panoramic views overlooking the sprawling city and across the harbour to the Kowloon side. This is nighttime spectacular, and unrivaled for neon lights, beautiful harbor-scape and a carpet of fairy lights from the apartments and buildings below.
If you prefer to have the apartment lifestyle with every convenience at your fingertips, there are a number of luxury residential developments that cater to this market. You can expect to pay above $HK250,000 per month renting with an escalation the further up the Peak you go. If you are buying, you can get above the 600 to billion dollar+ mark. You will get everything you desire, private lifts to get to your floor, postcard views that will impress your friends that you are entertaining, because that’s why you are here, you will have at least 3 bedrooms all with their own ensuite bathrooms, at least one maids quarters, large spaces with high ceilings, balconies, rooftop entertaining areas, some with a spa and/or private pool. You will get at least 2 under cover car parks for your day ride and weekend fun machine.
If you have children, there will be plenty of room if not just in your large open plan apartment on multiple levels, the development will have a host of Clubhouse facilities. There are many international schools in the surrounding areas, and plenty of medical and hospital facilities. You will have easy access to get to all of Hong Kong’s financial and commercial districts, with Central and Wan Chai close by and a short drive away to sporting facilities.
If you choose to live in a house on The Peak, you will be surrounded by Tycoons, and have likewise financially secure neighbours. Depending on the location on the hill, you may have restricted access such as parts of Bowen Road, where it’s more practical to have a golf buggy to and from the start to your door. However that is a small price to pay for the privacy and security you will get, not to mention the damage you could do to your Lambo or Mercedes navigating the narrow track. This could be a price negotiator due to the mild inconvenience. But if you choose a house on one of the regular roads, you will have a rarified existence, and truly the best life possible in Hong Kong for you and your family.