Hong Kong tycoon Joseph Lau’s eldest son, Lau Ming-wai, puts two houses on The Peak on sale for almost HK$1 billion (US$127.5 million)
- The younger Lau, chairman of developer Chinese Estates, has appointed Centaline to market houses A and D at 31 Barker Road
- The luxury, four-house 31 Barker Road project was developed by Chinese Estates and completed back in 2003
The four-house 31 Barker Road project was developed by Chinese Estates and completed back in 2003. It is close to the residences of top government officials, businessmen and consuls.
“Hong Kong’s luxury home prices remain strong, having outperformed the overall market in recent years,” said Martin Wong, Knight Frank’s Greater China head of research and consultancy. “With the border reopening with the mainland and international markets, the transaction volume is expected to gradually increase.”
02:58
‘Let Hong Kong be Hong Kong again’: Inbound travellers welcome lifting of Covid curbs
Wong believes luxury property prices will grow this year as the United States begins to slow down the pace of interest rate increases, and because of the limited supply in Hong Kong.
