A rare residential property with panoramic sea views in Kowloon, one of the three main islands in Hong Kong, has hit the market for the first time in over 30 years, asking HK$280 million (about US$35.68 million).
Located on the northeast point of Little Palm Peninsula on Clear Water Bay, the property has a four-bedroom main house and a two-bedroom guest house. Both residences overlook the ocean and other islands through their floor-to-ceiling glass windows, according to the listing with Frances Chow, director of residential sale at Savills Hong Kong.
“These two houses are standing on a beautiful small peninsula, which is a very rare find in Hong Kong,” Ms. Chow said.
Ms. Chow declined to disclose the seller’s identity, but said they spent a lot of time over the past 30 years to design the formal outdoor garden, which features lots of palm trees, ferns, lemon trees and different species of flowers.
The property also offers ultimate privacy, as there is only one other residence on the peninsula, Ms. Chow said.
A wealthy buyer from China’s mainland might be an ideal candidate for the property, according to Ms. Chow, “because they can even arrive in the houses by their private yacht all the way from China,” she said.
Clear Water Bay, famous for sailing activities, is a popular area for expatriates living in Hong Kong. In recent years, the priciest residences in Hong Kong tend to be concentrated in The Peak on the Hong Kong Island. The most expensive residential sale on record in Hong Kong belongs to 9,212-square-foot house in The Peak, selling for HK$2.1 billion (about US$270 million) in June 2016.
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