New Luxury HK Homes Expected to Fetch More Than HK$600M Each

04-Mar-2019 Intellasia | Mansion Global | 6:00 AM Print This Post

National Properties, a well-known residential, commercial and hospitality developer and management company in Hong Kong, has launched its newest luxury residential development at 45 Tai Tam Road on Hong Kong Island.

The site has a private 200-metre-long access road surrounded by a green belt. There are no adjoining buildings, so views from the seven detached, three-story houses are all protected.

The neo-classical exteriors feature limestone with stone moldings and pillars. To infuse some modern style, large glass windows are used on the facade to enhance the water views, said Loewe Lee, managing director of National Properties.

“We have also allowed interior designers to customise the space, with no expenses spared or detail overlooked,” he said.

Each house has approximately 4,750 square feet of interior living space, including five bedrooms with en-suite bathrooms, a living room, a dining room, a kitchen, utility room and a powder room.

Additionally, each house comes with an elevator, two balconies facing the sea, a private heated infinity pool, a private garden and an underground parking space.

Two of the seven houses in the development are fully furnished and open for private previews, with each expected to fetch over HK$600 million (US$77 million). One is designed by Gilles & Boissier, who designed the Baccarat Hotel in New York among many other high profile projects, while the other is designed by Joseph Fung of Hong Kong design firm Studio Pantheon II.

National Properties, a subsidiary of family business conglomerate National Electronics Holdings, was a pioneer in luxury real estate in Hong Kong and has set several price records throughout its 25-year history.

Among them is 37 Deep Water Bay Road, a single-family house touted as Hong Kong’s “Chateau de Versailles,” which sold for HK$220 million in 1998, becoming the most expensive residence in Hong Kong.

Lee, a fourth-generation scion, joined the family business in 2005, overseeing real estate and other ventures.

https://www.mansionglobal.com/articles/new-luxury-hong-kong-homes-expected-to-fetch-more-than-hk-600m-each-123104

 


Category: Hong Kong

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