US$77 million for 7? The Hong Kong homes that have everything a modern millionaire could want These Luxury Hong Kong Homes Are Fully Furnished. All You Need Is $75 Million
- The Tai Tam properties – 30 minutes from Central – feature sumptuous, fully-furnished designer interiors, landscaped gardens and outdoor infinity pools
The world’s ultra-rich are used to bespoke touches in life, from custom-made suits to tailored financial advice. But what happens when you apply that approach to property – and take it to the extreme?
Loewe Lee, the Hong Kong businessman and former JPMorgan Chase & Co banker, has the answer in a cluster of seven luxury homes, situated on a area of land in Tai Tam, in Southern District, on Hong Kong Island, overlooking the South China Sea.
It’s a prime development, about 30 minutes drive from Hong Kong’s central business district, but the appeal does not stop there.
Five of the seven properties have been painstakingly fitted out with everything a modern multimillionaire could want. Persian carpets cover the floors, and the kitchen cabinets are filled with cut crystal and Christofle cutlery. There’s art on the walls and coffee table books arranged just so.
All a buyer need do is bring a suitcase, and US$77 million (for one dwelling, that is).
“We’re aiming these at well-to-do, well travelled, sophisticated people who might have gone through the process of creating a home many times,” says Lee, 39, the fourth generation of a family that made its fortune in grandfather clocks and quartz watch movements. “They tell us it’s quite a nightmare.”
So time poor, and cash rich: Hong Kong, the world’s least affordable property market and Asia’s pre-eminent financial centre, should have plenty of those.