Wednesday, July 28, 2010

The Peak

A site on The Peak fetched the third-highest land price in the city's history yesterday, underscoring the continued strength of the luxury residential market.

Nan Fung Development and The Wharf (Holdings) (SEHK: 0004) paid HK$10.4 billion in an auction for the site at 103 Mount Nicholson Road - HK$32,014 per square foot

Click HERE to see a google map - for all of you overseas folk - please notice all of the green stuff!  Those are trees!  Often peoples perception of HK is that we don't have any!

Including yesterday's sale, the HK government has generated HK$26.05 billion from land sales since the start of the financial year in April. Its target is HK$34.1 billion. The government will sell four commercial and residential sites worth more than HK$7 billion next month.

EXCHANGE RATE................................................US$ 1 = HK$ 7.8

You do the maths!  I think I might be in the right city!

Cheers - Stella Abraham, REALTOR

Tuesday, July 13, 2010

Feng Shui

Being back in Hong Kong has made me realise that one of the biggest differences when it comes to buying, leasing or selling a property (apart from the obvious procedures!) is Feng Shui 風水 and how important it is to clients here.

I was with some clients today who are looking at buying a property.  I know that they are thinking of renovating the property extensively - did they bring an interior designer with them - NO! They brought their Feng Shui Master with them......

So what is Feng Shui 風水?  It literally translates as 'wind-water' and is an ancient Chinese system of aesthetics believed to use the laws of both Earth (the geography) and Heaven (the astronomy) to help improve ones life by receiving positive qi.

I am most definitely not an expert but can put you in touch with one!

If you want to know more or even fancy a chat about property here in Hong Kong or in the US then get in touch

Cheers - Stella Abraham