This Hong Kong neighborhood’s got beach vibes and good feng shui

"It’s really as close as Hong Kong gets to the French Riviera”

TRD New York TRD WEEKEND EDITION /
Mar.March 03, 2018 04:00 PM

Repulse Bay, Hong Kong. (Credit from back: Daniel Case, Pixabay)

The Hong Kong neighborhood of Repulse Bay couldn’t be more different from all that its name suggests.

One of the most upscale — and in demand — areas in the city according to Mansion Global, the beachfront neighborhood is nestled between mountains facing the South China Sea and seems far more than a 20-minute drive away from Hong Kong’s downtown.

“It’s really as close as Hong Kong gets to the French Riviera,” said Savills’ Edina Wong to the Global Mansion.

Comprising of both condo towers and detached and semi-detached homes, the minimum price per square foot in the bay is about $5,570 compared to Hong Kong’s average price of $1,580. A townhouse in Repulse Bay starts at a listing price of $32 million.

Part of the reason it’s so in-demand is the more relaxed, beach-town vibe of the area as well as the neighborhood’s “excellent feng shui” — a result of being sandwiched between sea and mountains and having a “dragon gate.” [Mansion Global] Erin Hudson


Related Articles

arrow_forward_ios
102 Prince Street and Jho Low (Credit: Modlin Group; Low by Michael Loccisano/Getty Images for New York Times)

Jho Low’s former Soho condo sells at a discount

Jho Low’s former Soho condo sells at a discount
(Credit: iStock)

Loan applications to buy homes rise for fifth week

Loan applications to buy homes rise for fifth week
For the first time in six weeks, the number of Manhattan homes that went into contract increased. (Credit: iStock)

Manhattan home deals jumped 52% last week

Manhattan home deals jumped 52% last week
An institutional investor’s sale of a 7 percent stake in an exchange-traded real estate fund reveals deep concerns about the sector. (Credit: iStock)

Mystery investor dumps big stake in real estate fund

Mystery investor dumps big stake in real estate fund
Pedestrians on Russell Street in the popular shopping district of Causeway Bay in Hong Kong in 2019 (Credit: Anthony Wallace/AFP via Getty Images)

Rents along Hong Kong’s top retail stretches are crumbling

Rents along Hong Kong’s top retail stretches are crumbling
The number of New Yorkers signing new leases plummeted in April 

Rental activity hits record lows in Manhattan and Queens

Rental activity hits record lows in Manhattan and Queens
Here are the latest numbers on the Manhattan housing market’s “tepid attempt at recovery” (Credit: iStock)

Signed contracts to sell Manhattan homes hit seven-week low

Signed contracts to sell Manhattan homes hit seven-week low
Small landlords, such as Jan Lee, a New York landlord who owns two buildings, say Wall Street players will take their place unless rent relief comes soon. (Credit: Twitter; background via BRYAN R. SMITH/AFP via Getty Images)

Small landlords call for rent relief package, fearing Wall Street takeover

Small landlords call for rent relief package, fearing Wall Street takeover
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...