Monday 20 June 2011 1.24pm
That's not a very usual search for HK investors; advertised in TheStandard with the presentation in the LKF Hotel. Not really tapping the Market unless you use SCMP and hold a reception in the Mandarin!!
Quite surprising really considering it's only a 9 unit development. When I was shuttling back and forth in 2005/6 I was surprised that the Tanneries, as it was then marketed, on the corner of Weston Street
and Long Lane
was being sold in Centeal. The Park Pkaza was sold as an aparthotel in One Westminster Bridge which carries prestige.
Not sure I would want to be locked into such a small development on the other side of the world. HK investors are used to significant staged payments during construction (unlike UK buyers who'll pay a deposit only) so that there is a greater financing benefit for the developer. Hence the attraction. Absence of capital gains tax also helps for the early flip!