Property News · December 18, 2019

Mainland Chinese buyers turn Mount Nicholson on The Peak in Hong Kong into world’s second-busiest residences for super rich


Mainland Chinese buyers have turned Hong Kong’s wealthy residential enclaves at The Peak into one of the world’s busiest playgrounds for the super rich, based on the number of transactions recorded over the past five years.There were 35 transactions involving homes with addresses on Mount Nicholson Road worth US$2.86 billion, or an average price of US$81.8 million each, according to data compiled by property consultants Knight Frank. New York’s 57th Street is the most sought-after location with…

Source : South China Morning Post
Read more…Mainland Chinese buyers turn Mount Nicholson on The Peak in Hong Kong into world’s second-busiest residences for super rich