The following articles are provided byHang Lung Properties

Ultra-luxurious residences add to Hong Kong's investment appeal

Some cities have a special energy, a certain spark. Then there is Hong Kong. One of the most dynamic and densely populated cities in the world, Hong Kong is a global metropolis where domestic space and privacy not only come at a premium, but where real estate has repeatedly proved itself to be a rewarding and sustainable investment

Hong Kong is one of the most dynamic cities in the world, where real estate has repeatedly proved itself to be a rewarding and sustainable investment
Hong Kong is one of the most dynamic cities in the world, where real estate has repeatedly proved itself to be a rewarding and sustainable investment | Image: Stock Photo

When it comes to the ultra-luxury sector, few developments are as well-located or well-appointed as 23-39 Blue Pool Road. Envisioned by Hang Lung Properties, one of mainland China and Hong Kong’s top-tier developers and designed by the world-renowned architectural practice Kohn Pedersen Fox Associates (KPF), 23-39 Blue Pool Road consists of 18 exquisite semi-detached houses that form their own tranquil enclave.

A rare opportunity

Situated on a private terrace that has been specially carved into the Happy Valley hillside of Hong Kong, at the approach to the Jardine’s Lookout neighbourhood, each home boasts more than 425sq m (4,571-4,599sq ft) of saleable area [1]with flexible interiors featuring five ensuite rooms and much-coveted outdoor space, including courtyard gardens, flat roofs and a private garage, all of which make 23-39 Blue Pool Road a highly unusual and understandably prized addition to Hong Kong’s ultra-luxury residential sector.

23-39 Blue Pool Road on the verdant Happy Valley hillside of Hong Kong, at the approach to the Jardine’s Lookout neighbourhood
23-39 Blue Pool Road on the verdant Happy Valley hillside of Hong Kong, at the approach to the Jardine’s Lookout neighbourhood | Image: This photo was taken on May 2, 2014, at The Summit, 41C Stubbs Road, Mid-Levels East, Hong Kong. This photo has been processed using computerised imaging techniques and is for reference only

A resilient investment

Consisting of estate properties valued at more than HK$100m, the ultra-luxury sector on Hong Kong Island is defined by a low inventory and narrow supply and will represent less than one per cent of supply in the overall residential market in 2022. Coupled with rising demand in this sector amid wider market instability, properties in the ultra-luxury sector represent a resilient investment.

The 2019 Knight Frank City Wealth Index contextualised this market when it rated Hong Kong as one of the top three locations in the world for business, lifestyle and investment, ranking the harbour city alongside London and New York as a lure for High Net Worth Individuals (HNWIs). According to the Wealth-X Billionaire Census, there are currently 93 billionaires rubbing shoulders in Hong Kong today, most of whom live on Hong Kong Island.

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Despite the impact of the 2008 global financial crisis, property prices in Hong Kong have remained resilient over the past decade and the city has continued to be home to some of the most valuable real estate in the world for the past nine years running. [2]

The ongoing influx of Renminbi and mainland Chinese residents is an additional factor in property price growth. Chinese government plans for enhanced economic ties and a hub for financial services in the Greater Bay Region, which includes Hong Kong, are set to further support and extend market growth. The market has also been buoyed by the US Federal Reserve’s decision, in March 2019, to hold interest rates steady for the coming year.

23-39 Blue Pool Road is composed of 18 exquisitely designed semi-detached houses, with each five-ensuite home benefiting from its own private foyer, courtyard, balcony, flat roof and garage
23-39 Blue Pool Road is composed of 18 exquisitely designed semi-detached houses, with each five-ensuite home benefiting from its own private foyer, courtyard, balcony, flat roof and garage | Image: This photo was taken on February 17, 2015 at 23-39 Blue Pool Road. This photo has been processed using computerised imaging techniques and is for reference only

Given this situation, developers are actively acquiring residential land banks at record prices to meet the rising demand for luxury properties, pushing the future sales price of luxury houses even higher, as can be seen from the desirability and performance of 23-39 Blue Pool Road.

Ideally located between Hong Kong’s Central Business District, which is just a 20-minute drive away, the island’s main shopping and leisure hubs at Causeway Bay and Admiralty, which can be reached within 10 minutes, and the verdant natural delights of Jardine’s Lookout and the Tai Tam Country Park, 23-39 Blue Pool Road is also within easy reach of the white sands and exclusive beach resorts that fringe the southern coast of Hong Kong Island. The perfect balance between open space and privacy, exclusivity and convenience, business and leisure, 23-39 Blue Pool Road affords a lifestyle and standard of living that is matched only by the care and craftsmanship that have been invested in its finishing.

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Intelligent, award-winning design

The sophisticated thinking that has informed the development’s design is visible in each and every one of its details. The space created by each home’s internal courtyard allows for natural daylight and ventilation deep into the interior. The internal blinds in the delicately angled glass façade afford privacy and help to reduce internal temperature and enhance energy saving in the living space. This makes 23-39 Blue Pool Road a truly innovative design that has garnered the project international plaudits and awards.

As well as being the first project in the world to be registered for the US Green Building Council’s LEED for Homes International Pilot, 23-39 Blue Pool Road has been recognised by the World Architecture Festival, the American Institute of Architects and MIPIM Asia for the quality of design, for its impeccable environmental credentials and its unique sense of place.

To discover more about the unique residential opportunities available at 23-39 Blue Pool Road, visit www.23-29bluepoolroad.com or call +852-8203 0010, private viewing by appointment only.

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