• Sun
  • Sep 21, 2014
  • Updated: 6:41am

Southern comfort

PUBLISHED : Thursday, 03 May, 2012, 12:00am
UPDATED : Thursday, 03 May, 2012, 12:00am

Introduction

Blessed with a soothing breeze and charming views of the South China Sea, the south side has always been the area of choice for tycoons, celebrities and nature lovers.

With little new supply, homes along the coastline also offer exceptional investment returns, from Tai Tam, Stanley and Repulse Bay, right along to Bel Air.

'Island South is a top traditional luxury residential district; that's why so many wealthy buyers come here'

Wilson Chan, sales and marketing director of K. Wah International, a co-developer of Marinella

Traditionally, luxury properties in Island South are low-density town houses and low-rise homes, but there are also multi-storey apartments with modern facilities. Recent transactions include:

A 4,242 sq ft town house on 6 Stanley Beach Road, developed by China Overseas Land & Investment, sold for HK$212.5 million at HK$50,100 per square foot.

A 4,100 sq ft town house on Shouson Peak, developed by Sun Hung Kai Properties, sold for HK$192.8 million at HK$47,000 per square foot.

A 3,845 sq ft unit at Belgravia, developed by Kerry Properties, sold for HK$215 million at HK$55,900 per square foot.

A 5,833 sq ft unit at Bel Air, developed by Pacific Century, sold for HK$163.8 million at HK$28,100 per square foot.

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