Showing posts with label Victoria Peak. Show all posts
Showing posts with label Victoria Peak. Show all posts

Friday, July 14, 2023

Good Deals in HK's Luxury Property Market

Two homes on the Peak were sold for a sweet deal

Looks like the uber rich are hunting for good deals in the real estate sector.

Two mansions on the Peak located next to each other were recently sold for a whopping HK$560 million (US$71.5 million) -- about HK$200 less than the asking price.

Each over 4,000 sq ft with a pool, garden
The homes are at 11 and 13 Watford Road and they are owned by the wife of Wong Kwan, former chairman of Pearl Oriental Oil Ltd, according to Sing Tao.

Each house is 4,016 square feet with a large garden and swimming pool. They are conveniently located down the road from the German-Swiss International School and a Wellcome supermarket nearby too.

The asking price was HK$380 million each, but somehow the price was slashed by almost HK$100 million each.

As a result the luxury property market is sluggish, with rising interest rates and lack of new expats moving in that is slowing the transactions.

Will HK's real estate market be sustainable?
However, it is a bigger sign of Hong Kong's decline, according to Kevin Yam Kin-fung, a Chinese-Australian lawyer who is one of the eight with a HK$1 million bounty on his head.

"Hong Kong will not just die suddenly like someone with a massive heart attack. There are still takers for luxury properties," he wrote on Twitter.

"But the fact that demand for this and other things in HK have unceasingly trended downwards means HK is being debilitated slowly and painfully."

Who wants to be left holding the bag?

Thursday, April 20, 2023

Walking All Over Hong Kong


The view of Hong Kong from High West on January 1, 2021

I got into the walking habit when the 2019 protests in Hong Kong led to street clashes between protesters and the police.

While I could get to my gym in Central after work, there was no guarantee I could get back home without encountering these conflicts unless I was prepared to either be holed up in there for a while or attempt to find a way back.

As a result I began walking along the harbourfront from Kennedy Town to Sheung Wan and back. It's a great path that's right by the water and best of all there is no car traffic -- only people walking, running, cycling and walking their dogs.

Looking west from Devil's Peak
It was a nice break from the urban scenery of skyscrapers, and to hear the water was soothing. Even better was when the Covid-19 pandemic struck, shutting down the Turbo Cats going to and from Macau which made the walks even more peaceful.

Later when I told my friend that I went out walking, he immediately asked if he could join too. And then we really went walking all over the place.

A lot of times it was the usual walk all the way to the Hong Kong Convention and Exhibition Centre in Wan Chai, and on the way back to Kennedy Town we'd reward ourselves with a giant cookie each from Cookie Dept's pop up shop at the Upper House hotel along with a glass of lemonade to cool off before heading back to Western district.

Then on Sundays we'd venture out further, several times up the Peak via a steep path near Bowen Road and if we still had energy we'd go all the way up to High West -- the highest point on the Peak. 

My favourite memory of High West is going up there on December 31, 2020, when I brought a half bottle of Champagne with us and Hello Kitty paper cups. Turns out we didn't have to chill the champers because it was chilly walking up to the Peak anyway. 

We rewarded ourselves with Cookie Dept cookies
We even bought head lights to wear for the occasion which came in really handy to be able to see where we were going.

We got to High West about 20 minutes before midnight and a few other people had the same idea as us, to mark the new year by being on top of Hong Kong. Then some Italians came up too and they made video calls with friends back home. When it was midnight we popped open our Champagne bottles and had a toast. 

Another time we walked from Shau Kei Wan and didn't walk around the coastline but cut through the middle of Hong Kong Island to Kennedy Town in about 25km. In between we went up and down hills, and needless to say we were famished and exhausted by the time we were got back to Kennedy Town where my friend gobbled down a steak dinner just before 6pm. 

Kowloon Peak was yet another memorable hike. At one point we walked through tall reeds as the hill went down and then up. Some parts were quite steep and I wondered if I was going to make it alive. But we somehow managed to scramble up to the helicopter pad which was quite cool. 

We went down another way and managed to flag a taxi to take us down to Diamond Hill MTR station. I arrived at my relatives' place for dinner all sweaty, but luckily brought along an extra shirt to change into! That was also quite the workout.

The scenic view while hiking across HK Island
The pandemic really forced me to walk outside and I'm glad I managed to explore a lot of places, like Repulse Bay, Cyberport and Devil's Peak thanks to friends like YTSL.

But it was a great way to talk with friends or if I was on my own, to have time to think, particularly when deliberating if I should leave Hong Kong or not, and what were the steps going forward. 

Now in Vancouver, I am all too happy to walk to many places instead of drive which defeats the purpose of practicing driving more. But it helps me to slow down and think, and puts me at ease.





Monday, June 6, 2022

New Hong Kong Souvenir

Have your bucket list decided for you

With so many people leaving Hong Kong either because of the national security law or the ongoing quarantine requirements, one company has come up with a creative keepsake for people to complete before their departure.

The Lion Rock Press has a "Scratch-off Hong Kong Bucket List" for HJK$250 (US$32.86), it features 100 places or activities to do that are covered up, and once it is completed, then you can literally scratch it off your list. To be honest though, they are geared towards the expatriate crowd.

Scratch off the ones you have completed
Things to do on the list of 100 include: afternoon tea at The Peninsula Hong Kong, finding out your fortune stick at Man Mo Temple, watch the sunset from High West on Victoria Peak, spend a day at Disneyland, and go paddle boarding.

There's even suggestion of doing jelly shots in Lan Kwai Fong, and watching Cantonese opera. Hmm we'll pass...

While it's enterprising for this company to come up with this bucket list, one can't help but think how sad it is that it is thinking of ways of capturing the departing market that is fast shrinking...

It would also be sad if you bought this list and only did a few items before you left Hong Kong!

VIFF -- Review: Our Mr. Matsura

Matsura (right) with a local in Okanogan County Frank (Sakae) Matsura, was the son of a Samurai in Hirado, Japan, but by the time he was gro...