• Tue
  • Sep 23, 2014
  • Updated: 1:39pm

Height of luxury

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

Introduction

The Peak is the jewel in the crown of Hong Kong's real estate sector. It is not only a world-famous tourist destination, but also where privileged members of society have lived since early colonial times.

Towering 552 metres above sea level, The Peak and the neighbouring Mid-Levels area enjoy lush greenery, amazing views over Victoria Harbour and easy access to the central business district.

'We continue to see strong buying interest from end-users and long-term investors, while some tenants are switching to the sales market'

Louis Ho, director for The Peak, Island South, Central and West Mid-Levels at Centaline's StatelyHome

The Peak enjoys a secluded neighbourhood that also encompasses Victoria Gap, Mount Kellett, Mount Gough and Plantation Road, with well-known properties, such as 8 Severn Road and La Hacienda, alongside many individual town houses.

The Mid-Levels cover three areas. Central Mid-Levels is above Central, where the famed Dynasty Court, Tregunter and Albany stand. East Mid-Levels ranges from Jardine's Lookout to MacDonnell Road, with properties such as The Serenade and Pacific Palisades. West Mid-Levels extends from Robinson Road and Conduit Road to Bonham Road and Pokfulam Road, with homes such as Robinson Place and The Belcher's. Recent transactions include:

A 3,363 sqft town house at 8 Severn Road, developed by Sun Hung Kai Properties, sold for HK$188 million, or HK$55,902 per square foot.

An 8,300 sqft town house at No10-18 Pollock's Path, developed by Ryoden Development and film star Stephen Chow Sing-chi, sold for HK$800 million, or HK$96,386 per square foot.

A 2,549 sqft unit at The Albany, developed by Swire Properties, sold for HK$83.8 million, or HK$32,876 per square foot.

A 2,020 sqft unit at Tregunter Tower 3, developed by Allied Properties, sold for HK$28.8 million, or HK$14,257 per square foot.

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