|Cullinan West at Nam Cheong station saw big sales of units today|
|The show flat gives the aura of a sophisticated place to live in|
And were they all first-time buyers so they avoided paying the extra stamp duty too?
Then there is the other extreme -- subdivided flats, not in seedy Sham Shui Po, but in the tony neighbourhood of Mid-Levels.
|One flat here on Old Peak Road is subdivided into five units|
Who pays HK$25,000 for 250 sq ft to rent?
Apparently the hefty price includes utility bills, and a maid coming in to clean up twice a week, bed sheets changed once a week and free wifi. There's also basic open kitchens with an induction stove top, kettle and coffee maker.
So now we have people hoarding flats with hundreds of millions of dollars on hand, and at the other end of the scale, expensive flats subdivided into smaller ones and charging exorbitant rents.
And the Hong Kong government says it's watching the situation closely and can intervene at any time?
Anytime now would be good...