From Tasmania, Australia to Havana, Cuba, these are the destinations on Hong Kong Tatler editors’ bucket lists.
1/11Luang Prabang, Laos
“Its enchanting mix of Buddhist heritage, French colonial architecture and misty jungle puts the former Laotian capital Luang Prabang top of my travel wish list. I’ll be ticking off this destination in a few weeks when I visit Rosewood Luang Prabang, a luxury hillside retreat, which opened earlier this year with an exclusive offering of only 23 villas and tented suites.”
For better and for worse, our homes are turning into hubs of electronic intelligence
On the other side of the globe right now, the Canadian city of Toronto is readying itself to become the world’s tech laboratory. All eyes turned that way when Google’s sister company Sidewalk Labs announced a multimillion dollar plan to co-develop the world’s first city built from the “internet up”.
As Hong Kong’s property market turns south, homeowners in the New Territories are feeling the pinch more than others, as flat prices in the area have fallen faster and as much as 16 per cent since August.
Among the area’s top five residential estates by price decline based on government data, City One Shatin is leading the pack and recorded the largest drop in the past two months. The average price for 10 transactions completed in October was HK$15,191 per square foot, 9.3 per cent down from September and 15.4 per cent from August, according to data from Ricacorp Properties.
Hong Kong real estate developer District15, together with private equity property firm Pamfleet, launched the Nate studio apartments in Tsim Sha Tsui on Friday, officially kicking off leasing of residential units in their first co-living project in Kowloon.
The sharing-economy housing project at the junction of Nathan Road and Hillwood Road is part of a 13-storey building that the local redevelopment specialist bought together with real estate investment firm Pamfleet in 2016 for around HK$600 million ($77 million).
In 2018 luxury constitutes more than just price point, and size, it is also about location, authenticity, lifestyle and design.
As an old saying goes, one man’s trash is another man’s treasure, and if ever that adage could be applied to Hong Kong real estate, it’s now. Maybe not the trash part per se, but certainly the core idea that there are as many notions of the perfect home as there are people to live in them.