The Long Beach…can be purchased at as low as HK$3.92M!

The Long Beach is an eight tower in the Olympic Station area of Hong Kong.  Each tower consists of around 52 floors, ommiting various floors with the number 4, such as 4, 14, 24, 34 and 44.  Developed by Hang Lung Properties, only three of the eight towers have been released.  First sold in 2007, several key purchasers bought into the properties, focusing on tower five.  Those key purchasers include Ms. Angela Leung (Stanley Ho’s fourth wife), Mirae Asset Management of Korea and one of TPG’s hedge funds.  Due to the global credit crisis and the weakening credit crisis, units can be purchased at around HK$ 4 million for approximately 750 square feet.  Recently, there has been a deal for a 2 bedroom unit at HK$3.92 million.  For more information about the Long Beach and other properties in the West Kowloon area, please contact an estate agent or other professional who specializes in this area.

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