{"id":9155,"date":"2020-08-27T17:04:37","date_gmt":"2020-08-27T10:04:37","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=9155"},"modified":"2021-06-04T15:39:32","modified_gmt":"2021-06-04T08:39:32","slug":"hong-kong-luxury-residences-remain-as-an-investment-favourite-surpassing-global-gateway-cities","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-luxury-residences-remain-as-an-investment-favourite-surpassing-global-gateway-cities\/","title":{"rendered":"Hong Kong luxury residences remain as an investment favourite, surpassing global gateway cities"},"content":{"rendered":"

Hong Kong recorded 60 property sales valued over USD10 million in the first half of 2020<\/span><\/span>\u00a0<\/span><\/p>\n

\"\"
Executive apartments at Victoria Peak, Hong Kong. seaonweb\/Shutterstock<\/figcaption><\/figure>\n

Hong Kong continues to be the favoured destination for luxury properties worth more than USD 10 million<\/span>, reported the\u00a0<\/span>South China Morning Post<\/span><\/a>, citing\u00a0findings from the Knight Frank<\/span>\u00a0Hong Kong<\/span>.\u00a0<\/span>T<\/span>he uncertain economic situation<\/span>, however,<\/span>\u00a0prompted inves<\/span>t<\/span>ors to<\/span>\u00a0postpone making<\/span>\u00a0major purchases, leading to\u00a0<\/span>a 50 percent drop in\u00a0<\/span>the number of transactions<\/span>\u00a0i<\/span>n the first half<\/span>\u00a0of 2020.<\/span>\u00a0<\/span><\/p>\n

T<\/span>he region registered 60 residential transac<\/span>tions in the first half, which is about 61.3 percent lower than the 155 recorded a year before. Nevertheless, the real estate\u00a0<\/span>consultancy noted that the number of transactions in Hong Kong was\u00a0<\/span>15.4 percent higher than Los Angeles that came in second on the list.<\/span>\u00a0<\/span><\/p>\n

\u201cAgainst the backdrop of quantitative easing in different parts of the world, luxury residential assets are [a] good store of value for investors,\u201d explained Maggie Lee, the senior director and head of residential agency at Knight Frank Hong Kong.<\/span>\u00a0<\/span><\/p>\n

More: Hong Kong\u2019s new home sales thrive in June, reach 13th month high<\/strong><\/a><\/p>\n

\u201cCoupled with the scarcity [of] luxury homes in Hong Kong, the buyers are still optimistic these assets would bring capital appreciation over a longer-term period,\u201d she added.<\/span>\u00a0<\/span><\/p>\n

Hong Ko<\/span>ng<\/span>\u2019s ranking<\/span>\u00a0as the first on the list of preferred destinations for luxury housing across the world<\/span>\u00a0is a sign that our premier developers who garnered several\u00a0<\/span>accolades<\/span>\u00a0at the\u00a0PropertyGuru Asia Property Awards (China \u2013 Hong Kong) 2019, namely\u00a0<\/span>HKR International Limited,\u00a0<\/span>Couture Homes Properties Limited, Grosvenor Asia Pacific<\/span>,\u00a0<\/span>Asia Standard International Group Limited<\/span>, Henderson Land Development Company Limited,<\/span>\u00a0may soon be able to weather the storm that is COVID-19.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

If\u00a0<\/span><\/i>you k<\/span><\/i>now of any\u00a0<\/span><\/i>developers o<\/span><\/i>r real estate projects in\u00a0<\/span><\/i>Hong Kong<\/span><\/i>\u00a0<\/span><\/i>that deserve to receive our\u00a0<\/span><\/i>prestigious\u00a0<\/span><\/i>awards<\/span><\/i>, particularly during these trying times<\/span><\/i>,<\/span><\/i>\u00a0<\/span><\/i>n<\/span><\/i>ominate them for the\u00a0<\/span><\/i>PropertyGuru\u00a0<\/span><\/i>Asia\u00a0<\/span><\/i>Property Awards<\/span><\/i>\u00a0(<\/span><\/i>China \u2013 Hong Kong<\/span><\/i>)<\/span><\/i>\u00a0on or before\u00a0<\/span><\/i>4<\/span><\/i>\u00a0<\/span><\/i>September<\/span><\/i>\u00a02020! Simply visit\u00a0<\/span><\/i>asiapropertyawards.com\/en\/award\/asia-property-awards-hongkong\/<\/span><\/i><\/a>\u00a0<\/span><\/i>for more details<\/span><\/i>.<\/span><\/i>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong recorded 60 property sales valued over USD10 million in the first half of 2020 <\/p>\n","protected":false},"author":9,"featured_media":20707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[101,92],"tags":[852,171,623],"class_list":["post-9155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-property-awards","category-news","tag-asia-property-awards-mainland-china-hong-kong-macau","tag-hong-kong","tag-luxury-residences","news_country-hongkong","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"\nHong Kong luxury residences remain as an investment favourite, surpassing global gateway cities | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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