Who are the buyers of 11,000 sq ft Hong Kong mansions that come with safe rooms, adjustable swimming pool floors?
- Kerry Properties plans to soon put three ultra luxury mansions at its Mont Verra project in Kowloon Tong on the market
- The mansions come with as many as five bedrooms and 10 bathrooms. They are also equipped with a banquet hall, entertainment room, theatre, library and gymnasium
The current trend in Hong Kong is for developers to launch small, affordable flats targeted at first-time buyers. However, there are some who are going in the other direction, building massive houses that are a rarity in the city.
Kerry Properties, which focuses on the top-end of the luxury residential market, will soon release three houses measuring over 11,000 square feet each at Mont Verra in Beacon Hill, Kowloon Tong.
“Such exclusive, brand new large mansions are extremely rare in Hong Kong,” said Calvin Tong, general manager of Kerry Properties (Hong Kong), adding that the initial response from prospective clients has been favourable.
He said that high-level businessmen, heads of listed companies, rich local families and even some mainland Chinese clients have viewed the property during their visit to the city.
Hong Kong’s super deluxe residential market, largely dominated by mainland Chinese buyers, remained unscathed despite the city imposing one of the world’s toughest travel restrictions as part of its zero-Covid-19 policy. Transactions of luxury houses reached HK$5.1 billion (US$654.5 million) in the third quarter, the highest since last year’s fourth quarter when deals touched HK$5.5 billion, according to data from Centaline Property Agency.
