Wealth Blog

Top properties

PUBLISHED : Monday, 22 October, 2012, 12:00am
UPDATED : Monday, 22 October, 2012, 6:51am

There it is in black and white: "The Exclusive Place for Really Rich People." It's a glossy flier for Centaline property agency and the title adorns a picture of the night-time harbour view from The Peak. The property is 4,500 sq ft, price HK$350 million. Below is an even more intriguing title: "Sparkling Victoria Harbour - the rich neighbourhood: huge garden, private pool, large garage."

This one is 4,200 sq ft and also HK$350 million. Where are these Centaline havens reserved for really loaded people?

"Oh, The Peak, Repulse Bay, that sort of area," explains Centaline agent Carmen Shun airily.

Which houses in particular is she referring to?

There are so many she can't remember, and nips off to check. She finds one and comes back. "Number 8 Severn Road," she says.

Is this the former residence of Tony Chan, Nina Wang's fung shui friend? Once upon a time he lived up there. Or a Swire prince's pad?

"No one famous. It's the Sun Hung Kai house."

They own it now? Was one of the Kwok brothers selling up to pay his legal fees?

"No, someone purchased it before," she explains. "It's on the second-hand market. That's why the price isn't too bad," she adds.

So, what is selling well just now I inquire, in these rarified areas?

"Parkview," she says.

Parkview? Isn't that a little old hat these days?

"Oh no," she says, "there have been lots of transactions."

A 1,300 sq ft flat up there in the mist was a snip at HK$20 million. Well it's a lot less than HK$350 million; that's definitely just for really, really rich people.

For more details on indiscriminate discretionary spending, see Anna's wealth blog at scmp.com/wealthblog