A caveat was recently lodged for a unit at the ultra-luxury Les Maisons Nassim by Hong Kong-listed property developer Shun Tak Holdings, controlled by billionaire businesswoman Pansy Ho. Les Maisons Nassim is a low-rise, five-storey development with just 14 units sitting on a prime freehold site spanning 66,452 sq ft in the prestigious Nassim Road enclave
The sole caveat lodged on May 5, was for a third-floor unit of 6,577 sq ft that fetched $39 million or $5,930 psf. The deal is said to be brokered by Bruce Lye, managing partner of SRI, one of the marketing agents for Les Maisons Nassim. “The buyer was drawn to the location – given the prestigious Nassim Road address, the reputation of the developer among foreign buyers and the large-format concept,” he says.
SRI’s Lye expects to see more of such eye-popping deals from ultra-high net-worth investors from abroad in this top end of the market.