Everything about Landscope Christie's International Real Estate and the Hong Kong luxury property market
Landscope Christieâ€™s International Real Estate has been appointed as the sole agent for the sale of a high floor unit in Admiralty Centre, 18 Harcourt Road, Hong Kong.
Christieâ€™s International Real Estate is delighted to announce its new quantitative white paper Luxury Defined: An Insight into the Luxury Residential Property Market has been released to the international press.
Landscope Christieâ€™s International Real Estate is an Affiliate of the worldâ€™s leading luxury real estate network which is the â€œOfficial Real Estate Partnerâ€ for 2012 Art Miami
If there is anything which can be read into the recent major transactions in the high-end market, the lack of investment avenues must take top spot. The lacklustre equity and bond markets and the declining commodities market worldwide have affected the real estate market, never mind other factors such as the credit squeeze.
The expected spike of leasing activities in the luxury property sector did not occur in the traditional high season of May-July. In the past, this high season accounts for about half of annual turnover, because summer is traditionally when most expatriate families relocate to Hong Kong to dovetail with the school semester. This year has seen more leavers than comers, resulting in a much weaker rental demand and high vacancies.