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Luxury in Shouson at a price

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SCMP Reporter

A SMALL number of deluxe townhouses, some measuring more than 4,000 square feet, have been released on the leasing market by Tak Wing Holdings at rents starting at $145,000 a month.

The five luxury townhouses for rent are part of a 22-unit development, Las Pinadas, at 31-33 Shouson Hill Road.

All the units are either completed or in the final stages of construction.

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According to Isabel Michie, director of the real estate division of leasing agents First Pacific Davies (FPD), interest in the townhouses has been keen despite a soft luxury property market.

During the past six months, rents for townhouses and homes at the top end of the market have softened considerably.

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'A lot of the places were overpriced,' said Ms Michie, adding that some of the units could easily command $180,000 to more than $200,000 a month.

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