Ultra-wealthy buyers have spared no expense in finding secluded yet prime real estate in the Hong Kong market. Despite uncertainty because of COVID-19, demand for exclusive properties remains noticeable.
Deep-pocketed individuals mostly seek homes in affluent neighborhoods to improve their image. More people, though, have realized the practicality of isolation during a pandemic. Other buyers specifically hunted for properties with spacious indoors and outdoors, which are ideal for working from home.
The Peak continues to be one of the most popular destinations for a slice of exclusivity in Hong Kong, but there are other neighborhoods worth checking out.
Mo Tat Wan, Lamma Island
Mo Tat Wan is one of three districts in the Mo Tat village, which is usually 10 minutes away from Aberdeen by car. The 2,100-square-foot property welcomes anyone to a panoramic seaside view, especially from the third floor. With four bedrooms and three baths, the place can be a perfect vacation home.
The pandemic further bolstered Lamma Island’s popularity among buyers because of its location. Outlying islands became more popular because of cheaper prices for luxury homes.
In Mo Tat Wan, the price per square foot costs almost HK $16,670. Prices in more exclusive complexes such as The Peak can reach as high as HK $203,100 per square foot, according to OKAY.COM.
Lamma Island also attracts more buyers because it isn’t completely isolated from urbanization. Driving from Central Hong Kong, for instance, may only take at least 30 minutes by car.
18 Bayside Drive, Discovery Bay
Nothing speaks of exclusivity more than having access to a private pool and garden in a luxury home. The 18 Bayside Drive duplex at Discovery Bay features an open layout where bifold glass doors connect the dining area to an outdoor garden.
The three-bedroom, two-bath property spans nearly 1,480 square feet of space. The duplex ensures privacy by having each bedroom on the upper level. You also won’t have to worry about coming into contact with a lot of people.
An estimated 20,270 people live in Discovery Bay as of 2016, according to government census records. For this reason, the resort-town development is a great option for seeking solitude.
1 Holly Road, Happy Valley
If you’d rather stay on Hong Kong Island, this high-rise property at the Wan Chai District offers serenity without compromising on convenience. The 1 Holly Road apartment comprises almost 1,100 square feet of space with one bedroom and one bath. The unit features a powder room and balcony, where you can enjoy stunning views of the Hong Kong skyline in peace.
Buyers have flocked to this neighborhood because of its proximity to the Causeway Bay shopping district and the infamous nightlife scene in Wan Chai. Happy Valley is also home to a world-famous racecourse, built in 1845 and one of the oldest tracks of its kind in the region.
Property investors should also take note of a likely increase in residential rents at Happy Valley. In October 2021, Sunny Enterprises sold 341-343 Tai Hang Road to Peterson Group for HKD 1.24 billion (US $159 million), according to a press release.
The site spans approximately 11,000 square feet with an estimated 18,000 square feet of gross floor area. Peterson Group plans to convert the property into “low-density luxury flats for long-term investment.”
28&33 Kwu Tung Road, Sheung Shui
Here’s a three-story home where you can also relax in a private pool. Sheung Shui, which translates to “above-water,” is tucked away in the northern part of Hong Kong near the border of Shenzhen, China.
The area still kept some of its historical vibes from the 1930s when Sheung Shui was predominantly known as a marketplace. Private estates such as the Metropolis Plaza and Noble Hill now tower over 1950s-era apartments.
The 28&33 Kwu Tung Road property encompasses 2,770 square feet of space with three bedrooms and four bathrooms. It’s only a seven-minute drive from Metropolis Plaza where you can buy branded wine for stocking a floor-to-ceiling wine storage facility—perfect for shutting yourself in during quarantine.
44 Mount Kellett Road, The Peak
The Peak made headlines once again in November 2021 when two apartments at Mount Nicholson sold for a whopping HKD 1.20 billion. The sale further bolstered the image of Hong Kong’s most exclusive neighborhood as the priciest town to buy luxury property.
You don’t have to spend billions to secure a private apartment at the Peak. For example, the Mountain Lodge at 44 Mount Kellett Road offers a serene escape from the concrete jungle. With 2,222 square feet of space, the property’s per-square-foot price costs around HKD 38,254.
Mountain Lodge has four bathrooms, three bedrooms, a maid’s room and a powder room. The apartment’s purchase price includes a covered parking space. If you prefer walking, a Central (Exchange Square) bus stop is just a 10-minute walk from Mount Kellett Road.
Property listings were active as of publication date.