It appears that the amount of liquidity in Asia’s property market is not holding back the bubble any more. After reaching record lows in sales volumes last year, the Hong Kong market is “business as usual,” according to local reports.
The latest offering from Henderson Land is a 5,636 ftsq apartment on the 66th floor of 39, Conduit road – Price? – $46.2 million USD and if it sells, this will be a new record for Asia, although there are also two penthouse apartments for sale that would top this one so, we shall see. Demand from mainland Chinese buyers is apparently giving local developers the heart to start putting prices up and Henderson’s shares jumped 1.4% on the news. Henderson’s shares have risen a stunning 86% this year so far.
According to their sales pitch, 39 Conduit road is crafted by the who’s who in interior design and provides state of the art luxury apartments only for the who’s who in town. Apparently the views of Victoria harbor are stunning.
What a view!
