(From The Standard)
Byline: Raymond Wang
Luxury residential market sentiment may have quickly tailed off in the second quarter in tandem with stock market uncertainty, but prices are continuing to rise, albeit at a slower rate.
Two new launches, at 33 Island Road and 28 Gough Hill Road, sold in late April and early May at high average prices of HK$22,000 per square foot and HK$23,000 psf respectively, according to international property consultant FPDSavills (Hong Kong).
The latest high-priced offering is a townhouse, House 3, 39 Deep Water Bay Road, Southside, which has gone on the market for about HK$100 million, or more than HK$20,000 …