THE mass residential market may still be depressed but the luxury sector is in a more optimistic mood.
The Harbourview, a deluxe residential development at No 11 Magazine Gap Road, is drawing strong interest from Hong Kong's wealthy elite and personalities.
The joint venture project between Sun Hung Kai Properties and the private division of Li & Fung Group is not officially on the market but there is understood to be a waiting list of prospective buyers.
Estate agents said asking prices for the units at The Harbourview were in the region of $11,000 and $13,000 per square foot, which was even more expensive than some prime office properties in Central.
At these prices each unit is expected to cost between $20 million and $30 million.
Located on a 23,885 sq ft site, the 33-storey development comprises 52 units of 2,350 sq ft each, with more than 50 car parking spaces.