Luxury? Property? Well, it can also be just a home-sweet-home for all of us.

Luxury? Property? Well, it can also be just a home-sweet-home for all of us.

What do we do when we are REALLY wealthy.

I mean, really, really rich and not the just buying the iPhoneX (by instalment) and showing off to the whole office that one could afford such an expensive phone or the driver of a Segment B Japanese car (paying instalments for the next 9 years) who’s showing off to all the other colleagues driving a Proton.

When we become one of these super-duper rich guy, I think we can choose to buy a property in one of the most expensive cities on our planet; Hong Kong. How about a HK$127 million (RM65 million) luxury 2,499 square foot DUPLEX. (A duplex seems to be in trend these days). I know, some would now gasp at the size. Huh? RM65 million for a 2,499 sf high-rise? Here’s that development: yoo18 Bonham. The website’s very informative.  

An international film star, Shu Qi has just bought a unit. Here’s that article in mingtiandi.com

Price versus the perceived value?

As for the price versus the value of the unit, it seems that she is getting a good deal. Here’s an article in South China Morning Post and this was one of the comments, “She got a pretty good deal for a four-bedroom ocean view luxury flat in Mid-Levels West,” said Raymond Li at Centaline. “Higher prices are likely in the development’s later tender sale.”  A little more information about this project? The total units for this development is only 12 (twelve) units. In an article launching this project just end of 2017, “yoo 18 Bonham is a low-density project, comprising three simplexes, eight duplexes and one triplex. The saleable area ranges from about 1,228 to 3,721 sq ft.” 

Yes, the unit she bought is NOT yet the most expensive one yet. The whole development has seaview. (Which is one major reason why Hong Kong buyers I met in Penang always ask if the unit they were buying would have sea view or not. It’s how they relax because space is so limited that one hates to go home everyday (too cramped), unless one has a unit overlooking the sea.

Most of us would never be able to reach the level that Shu Qi has reached. 🙂  However, imagine this. A 2,500 sq ft condo in Penang island (just like Hong Kong, also an island), overlooking the sea with private lifts at a much cheaper price? Yes, doable lah. Keep working hard, continuing investing what we have to build more wealth and one day, perhaps we can buy a similar characteristics condo as what Shu Qi has bought.

One very important point to note is the statement of ‘home-sweet-home.’ Everyone wants to come home to relax. It does not need to be a luxurious one but it should be one that we feel comfortable with. One where we could just switch on the TV, open the fridge for a bottle of orange juice (or beer) and well just chill until the World Cup Finals start. My wish? France vs England lah… Happy buying, enjoying and investing.

written on 11 July 2018

Next suggested article:  What super luxury means for a home;penthouse