• Sat
  • Jul 26, 2014
  • Updated: 6:05am

So what does a $30 million luxury apartment in Hong Kong look like?

PUBLISHED : Friday, 19 October, 2012, 2:24pm
UPDATED : Friday, 19 October, 2012, 2:29pm

Hong Kong Resort Company Limited (HKR) launched its latest luxury residential development – Amalfi – located in a prime position in Discovery Bay on Tuesday.

The average price of the initial 50 luxury units unveiled is a little over HK$9,700 per square foot. The units sit amid the low-density mid-rise coastal blocks and range in size from 600 square feet to more than 3,000 square feet.

Named after a famous coastal resort area in southern Italy, Amalfi is located on the shore of the Integrated Development Zone and advertised as boasting an equally dazzling coastal view as its namesake in a bid to lure wealthy Hong Kong buyers. 

Ms Pandora Chan, senior manager of HKR, said that Amalfi has the potential to rival the luxury residential projects above Kowloon Station when further governmental strategic infrastructural planning is carried out in the future.

The Hong Kong-Zhuhai-Macao Bridge is expected to complete in 2016. A new railway linking the two airports in Hong Kong and Shenzhen is under planning. A third runway will be added to Hong Kong airport while Disneyland also looks to expand.

HKR expects all these infrastructures will benefit its luxury residential projects, turning them into the best-buy for potential buyers. 

Amalfi One, the flagship block of the Amalfi development, consists of two huge duplex units called Infinity Pool House and Vista Pool House. These units, each featuring a roof top swimming pool and sky garden measuring 1,300 square feet, are both situated in the prestigious waterfront area at the heart of Yi Pak Bay. 


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Discovery Bay is a ghetto for poor **** who cannot afford to live on the island; it is overrun with errant expat kids who are unruly; Hong Kong Resorts manipulates the price of everything in Discovery Bay and the Amalfi is just the latest money grabbing scheme to over populate what was once a charming village on Lantau. Nothing in DB compares to anywhere else in HK precisely because DB is vastly overpriced for a place that is not convenient nor considered of interest to most buyer .....
I remember when flats and houses in Discovery Bay were selling for $500 per sq ft. Now HK residential property is the worst value for money in the world. No freehold, totally speculative prices, at least 500 % profit for the developer.
Whoever said Hong Kong was a free market?
How can a normal hk‘er afford this?


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