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Engel & Völkers Licence Partner Hong Kong, Real Estate Agency > Blog > Sharing Neighborly vibes with Jack Ma on the Peak

Sharing Neighborly vibes with Jack Ma on the Peak

The appeal of real estate ownership in Hong Kong is well documented. The stability and the free-market openness of the SAR is a huge draw for owner-occupiers as well as investors. It’s hardly surprising to learn that news channels recently were abuzz with the some ‘hot’ property news. It seems that e-commerce wizard, Jack Ma, chairman of the Alibaba Group has joined the club of affluent folk who live atop Hong Kong’s loftiest locale, the Victoria Peak. Ma recently dropped a cool HK$ 1.5 billion (US $193 billion) to acquire a home in the much-coveted district.

The reports go on to state that Jack Ma paid HK $151,653(US$19,500) per saleable square foot for a three-story mansion located at 22 Barker Road.

Ma’s acquisition is currently the second-most expensive home purchase in the world by price per square foot.

The title of the most expensive house in the world currently belongs to a villa that was, in fact, sold by Engel and Volkers for approximately 120 million euros. The said pricey villa is located on the Avenue Claude Vignon on the Saint Jean Cap Ferrat Peninsula, east of Nice. It extends over approximately 600 square meters. Its sale price thus, garnered a square meter price of 200,000 euros or HK$175,000 per square foot. The house is currently the most expensive residential property registered by Engel and Volkers.

The 22 Barker Road acquisition is Jack Ma’s second home purchase in Hong Kong. The tech wunderkind had previously dropped HK$ 282 million ($ 36.5 million) in 2007 when he purchased an apartment in the ultra-luxe development, Branksome Crest in the tony Central Mid-Levels district of Hong Kong.

Ma's purchase illustrates that interest and demand for Hong Kong real estate continue to endure in spite of the turbulent times in the world. 

Have you always had a desire to live atop the Peak? Do youfancy having Jack Ma as your neighbor? Would you like some of his Midas touchto rub off on you? Then perhaps you might want to take a serious look at our various eminently suitable listings of luxurious homes located within Hong Kong’s super-exclusive Victoria Peak neighborhood. 

Many of these choice listings are truly exceptional dwellings that offer the chance of an exquisite lifestyle far removed from the hustle and bustle of everyday Hong Kong life yet within easy access of daily necessities.

No. 17 Bluff Path, The Peak

This listing features one of the most sumptuous abodes in Hong Kong. The house, which encompasses a gross area of 8100 square feet, has a saleable area of 4559 square feet. The expansive home features five spacious bedrooms and five full baths along with one powder room off the dining area.

Perfect for a large family, the residence also features three maid’s rooms, with an attached bathroom. Five wrought iron balconies enhance the beauty of the dwelling, as does the gargantuan private garden area that spans 5700 square feet. Other desirable features of the home include stunning open views of the South China Sea and Victoria Harbor, a private swimming pool and multiple covered garages that can easily house six cars.

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Garden House on the Peak

This European inspired gem is a rarity on the market that offers awe-inspiring Victoria Harbor views. Featuring immensely desirable design accents such as tall French windows and light-colored marble flooring throughout this large-sized family home offers three bedrooms with en suite bathrooms. The tall floor to ceiling windows in the living room offers access to the terrace while the property’s two covered garages can accommodate two vehicles. 

Strawberry Hill

The Strawberry Hill complex dates back to the mid-1970s. This gated community of forty-eight townhouses feature homes offering three to four bedrooms along with separate living and dining areas and modern kitchens. Many of the homes have been recently renovated and offer two garages each.

The complex also offers common facilities such as an outdoor pool, a gym and squash and tennis courts. The development is within easy access of the Peak school and the various facilities on offer at the Peak Galleria.

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Another highly desirable gated community situated on the Peak, Kelletteria consists of five townhouses. Each townhouse offers a well-demarcated living and dining area on its lower level along with a bedroom, the kitchen, and the maid’s quarters. The upper level of each townhouse plays host to three bedrooms with attached bathrooms. The homes feature exclusive balconies and open-air terraces along with two covered parking spots.

Private and exclusive recreation facilities like private swimming pools and lush gardens are also on offer at the Kelletaria residences.

Watford Villa

Six three-story townhouses make up the Peak area development of Watford Villa. All the townhouses offer four roomy bedrooms with three bathrooms of which two are en-suites. The well-defined living and dining area of each house occupies a setting that receives much natural light. Other desirable features of include a balcony, a verdant garden, and two covered parking spaces.

If the prospect of having Jack Ma as a neighbor sounds immensely appealing to you, then you would do well as to strive to acquire a home on the Peak.

Our knowledgeable and qualified team of agents is always on hand to help you explore your options for turning your dream of living on the Peak into a reality. You would do well as not waste time and get in touch with us at the soonest.

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Engel & Völkers
Licence Partner Hong Kong, Real Estate Agency
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