Hong Kong: The luxury sales market is continually on the upward trend. This encourages vendors in selling and restructuring their property portfolios.
Recently, a high floor simplex at Estoril Court in Mid-Levels, Hong Kong is announcing a global tender sale. The full harbour view, huge size simplex is rare on the market, whilst this charming gem is attracting numerous local and overseas purchasers to join the bidding.
According to Keith Chang, Director of Savills (Hong Kong) Limited Residential Sales, the transacted prices and transaction volume are heated up in various districts. Furthermore, the recent auction at the Peak luxury site recorded over $42,000 per sq.ft., surpassing even the most optimistic market forecasts. This is a good indication that there is keen demand for real luxury properties in traditional luxury locations. Together with the promising global economy, the Hong Kong monetary market will continue to be strong. The selling price of this unique simplex is expected to be over HKD110 million.
The said premises is situated on an extremely high floor, which enjoys perfect views of the Victoria Harbour. The total gross area is 6,694 sq.ft on a single floor. Its flexible layout enables a 2,000 sq.ft. master ensuite. The premises also accompanied by five car parking spaces - a unique feature in the Mid-Levels market.
Estoril Court comprises three blocks of 44 storey buildings. There are two units per floor offering good privacy. The complex is situated at the heart of Central Mid-Levels and is within five minutes drive to Central and Admiralty.