http://www.landscope.com/blog Everything about Landscope and the luxury property market in Hong Kong Tue, 19 Aug 2008 03:13:08 +0000 http://backend.userland.com/rss092 en The luxury property sales market continued its lull in the summer. There were sporadic transactions in the Southside, nothing significant in value. In Midlevels and Happy Valley, sales were just a fraction of the heyday; and again, nothing exciting. We don’t expect to see any significant change in status quo ... http://www.landscope.com/blog/index.php/2008/08/16/bright-spot/ Like it or not, the market is not moving in the direction most people would prefer it to. It’s cliché again the market is plagued by the adverse affects of a tight monetary policy on the Mainland, declining stock market, high oil price and surging inflation. The property market is ... http://www.landscope.com/blog/index.php/2008/07/12/change-into-low-gear/ Landscope Realty is pleased to announce today the sale of a low floor unit in Babington House, 5 Babington Path, Midlevels West, Hong Kong. The sale price at $27,500,000 represents a unit rate of $9,821 per square foot, based on a gross area of 2,800 square feet plus 1,000 square ... http://www.landscope.com/blog/index.php/2008/06/21/babington-house-apartment-sold-for-27500000/ Landscope Realty is pleased to announce the sale today of a mid-floor apartment at Amber Garden, 70-72 Kennedy Road, Midlevels East, Hong Kong for $17,180,000. “The buyer is an end-user who lives in the same district. He has been looking for a bigger flat for a while to suit his ... http://www.landscope.com/blog/index.php/2008/06/18/amber-garden-apartment-sold-for-17180000/ There are strong signals from the US that the interest rate reduction may be coming to a halt, as various indicators are showing a declining economy. It is too early to tell if the rate will reverse its direction immediately when inflation is gathering momentum. One thing is for sure, ... http://www.landscope.com/blog/index.php/2008/06/07/mixed-signals/ Landscope Realty is pleased to announce the sale today of a mid-floor unit at Silver Fair Mansion, 2E-2F Shiu Fai Terrace, Midlevels East, Hong Kong. The apartment with a gross area of 1,450 square feet was sold for $10,000,000. The sale price represents a unit rate of $6,897 per square foot. The ... http://www.landscope.com/blog/index.php/2008/05/26/silver-fair-mansion-apartment-sold-for-10000000/ Landscope Realty announces the sale yesterday of a unit on a lower floor, Tower 9, Hong Kong Parkview, 88 Tai Tam Reservoir Road, Repulse Bay, Hong Kong. The property was sold for $32,280,000 which translates into a unit rate of $11,679 per square foot, based on a gross area of 2,764 ... http://www.landscope.com/blog/index.php/2008/05/26/hong-kong-parkview-unit-sold-for-32280000/ Landscope Realty announces the sale today of a middle floor at 43 Stanley Village Road, Stanley, Hong Kong for $16,500,000. Mr. David Chan, a senior manager of Residential Department who handled the transaction, said, “The buyer is an active investor who has a strong confidence on the luxury residential market ... http://www.landscope.com/blog/index.php/2008/05/23/low-rise-apartment-at-stanley-sold-for-16500000/ Despite a further interest rate reduction by the US Federal Reserve, Hong Kong banks have not followed suit. The local banks, like their international counterparts, are facing credit crunch stemmed from the US subprime mortgage woes since last year. It is not easy to make borrowing even in ... http://www.landscope.com/blog/index.php/2008/05/19/only-time-will-tell/ Landscope Realty is pleased to announce the sale yesterday of a high floor apartment at Starcrest, 9 Star Street, Wan Chai, Hong Kong for $18,300,000. “The buyer is a Chinese end-user who loves the high quality finishes and practical layout of the unit.” said Ms. Mary Li, , an associate ... http://www.landscope.com/blog/index.php/2008/05/16/starcrest-apartment-sold-for-18300000/