Swire Properties Ltd. is seeking buyers for six apartments at its Frank Gehry-designedbuilding priced as high as HK$520 million ($67.1 million). Wheelock & Co. and Nan Fung Group pulled together an international team of architects to create its “ultra-luxury” house and apartment project in the city’s prestigious The Peak neighborhood, which may go on sale in the third quarter. CK Hutchison Holdings Ltd. and Sun Hung Kai Properties Ltd. are also preparing to sell high-end residences.
The projects are being offered on the back of a stock boom that’s driven Hong Kong’s benchmark index to an almost eight-year high. How they fare may signal whether a recovery in the luxury market, which saw prices rebound to a two-year high in the first quarter, has further to go.
Read the article at Bloomberg.