The mansions at 1 Plantation Road in Hong Kong.
Photographer: Lam Yik/BloombergOpen House
New Hong Kong Mansions Test Appetite of Ultra-Rich for Peak Luxury
The homes at 1 Plantation Road offer unobstructed views, private elevators and a rich history.
When fear grips the markets and it looks like there’s nowhere to hide, luxury property might be an enticing investment option for the ultra rich. One of Hong Kong’s most prestigious developers is testing whether that holds true even in a city that’s been struggling with a property downturn for years.
The proof of concept is a clutch of new mansions on a historic site — at one of the world’s swankiest addresses.