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Hong Kong developer V Group readies Causeway Bay apartments and luxury houses on The Peak for sale amid market slowdown
- V Group will offer 64 fully furnished units, ranging from 274 sq ft to 876 sq ft, at The Hayworth by V close to Causeway Bay MTR station
- The privately owned developer also plans to put on sale four super deluxe houses at 20 Peak Road
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Vivien Chan, dubbed as “the queen” of serviced apartments, is undeterred by the slowdown in Hong Kong’s property market, as she plans to sell flats in her company’s flagship apartment project in Causeway Bay and houses in a super deluxe project on The Peak.
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The privately owned V Group will soon offer 64 of the 120 fully furnished units at The Hayworth by V, located at 9 Yee Wo Street. Previously called V Causeway Bay, it is close to Causeway Bay MTR station and has undergone a HK$200 million (US$25.5 million) renovation.
The developer also plans to put on sale four houses at 20 Peak Road by V on The Peak.
The move comes as home prices in Hong Kong dropped to a nearly two-and-a-half year low in July after peaking in September 2021, as higher borrowing cost saps demand.
“The lengthy Covid-19 pandemic has had some impact on the property market,” said Vivien Chan, founder and chairwoman of V Group.
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