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Causeway Bay


China - Hong-Kong

26°C

Causeway Bay - Hong-Kong

Situated at the north shore of Hong Kong Island, Causeway Bay is an energetic neighbourhood characterized by high-end malls, upscale boutiques and posh restaurants. This is a true microcosm on its own which has something to offer to everyone. The iconic Causeway Bay is a prime shopping destination and is internationally renowned for being an essential up-market fashion scene as well as a major international trade place. This dynamic place welcomes the wealthiest population from Hong Kong and provides a luxury lifestyle to its residents.

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Market Overview

Hong Kong always attracts more foreign investors, and it has a considerable consequence on the real-estate prices, which have skyrocketed in the past few years. In 2014, prices increased by 12% and reached new heights: some luxury properties have been sold 185,000 euros per square meter, despite the legal measures taken by the Government to calm down the housing market. This phenomenon can be explained by the fact that the number of building plot did not rise these past years, which led to a frenetic increase of the existing properties. According to experts, Hong Kong is considered as the most expensive city in the world and this tendency is not ready to change as Hong Kong appeals to Chinese elite and very wealthy foreign businessmen every year.

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Hong-Kong
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Hong-Kong is situated in the South-East of the People's Republic of China and is composed of more than 230 islands and a part of the continental territory. It is mainly made of mountainous relief and it has an exceptional deep water port. In 1842 the island of Hong Kong was given up to the United Kingdom. However, in July 1997, the Hong Kong territories were retroceded to China and they became a Special Administrative Region of the People's Republic of China, with a high degree of autonomy. Very urbanized, Hong Kong is a leading financial and commercial area and has a mature economic market and an active domestic consumption. 

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