Hong Kong’s real estate market faces being caught in the middle of a perfect storm, following last year’s government measures to cool the sector, and analysts are expecting more gloom. But for some Chinese people, this information has no significance. We’re talking about luxury estate which is listed on sale for a mere $38,7 million. This Palatial property, called “Champagne house” is situated in the New Territorries near the Chinese border and offers easy access to the Special Economic Region of Shenzhen, the Fanling Golf Club. It is just a 45-minute drive from central Hong Kong, but offers completely privacy within the serene setting of a stunning, park.
Two guarded entrance gates and driveways lead towards this grand, colonial residence which represents a fascinating balance between western and eastern culture.In addition to two story residence, the property also includes a guest house with three ensuite bedrooms and domestic servants’ quarters. The four-bedroom, four-bathroom colonial-style residence has impressive 10,955-square-foot of living place. The main house features floor-to-ceiling, sparkling, crystal cut windows with exotic wooden frames, marble flooring, floor mosaiccos, wrought iron balustrades throughout the residence.
Master bedroom has access to a large terrace overlooking the park. Two other bedrooms have access to a porticoe and narrow wrap around balconies. Master bedroom has a large dressing room attached to it. Master bathroom features a Sauna, a bathtub and a standing shower.
Kitchen is situated across the courtyard, only a few steps away from the formal reception and dining rooms. It is professionally equipped and would be able to cater for up to 300 guests.
Do you still think there’s dark clouds over Hong Kong’s property market?