In timid economic times, mother-daughter pair go bold

PUBLISHED : Wednesday, 01 April, 2009, 12:00am
UPDATED : Wednesday, 01 April, 2009, 12:00am

One Causeway Bay property is not enough for V Serviced Apartments. The mother-daughter owners, Anna Mae Koo and Vivien Chan (pictured), hosted a Monday night opening for their second block of flats in the area. The 20 new floors on Tung Lo Wan Road complement an even larger building on Yee Wo Street with more than 100 flats. They also have a Sing Woo Road property in Happy Valley and a place in Wan Chai. That's a lot of expansion to have heading into an economic recession.

'It has affected everybody,' Chan admitted. 'We've had to drop our rates a little bit but we're keeping up the occupancy.'

As associates and industry friends drifted in after work, the consensus seemed to be that the V Causeway Bay2 was their most stylish block of apartments yet, with just the right mix of trendy and clever space-saving devices and cosy, creature-comfort decor. The highlight is the fifth-floor grand suite where the reception was held. The two bathtubs on the large patio balcony are luxurious if a bit exhibitionist. 'Okay, I guess you have to not be shy or wear a bathing suit to use it in the open,' Koo said. It seems everyone was also too modest to take advantage of the two masseuses hired for the night to give guests shoulder massages, preferring the food table instead.

And how very Causeway Bay: with 20 floors, one apartment on each and only one lift, touring the different suites created a bit of a traffic jam.