Hong Kong’s famous tourist destination The Peak is usually on the bucket list for those on Ontrack’s Hong Kong International Tour, but homes on the famous landmark continue to lead the way in Hong Kong’s incredible real estate market.
Nestled high above Hong Kong’s famous harbour The Peak attracts seven million tourists a year and a cable car ride delivers spectacular views of the city and its waterfront.
But it’s the road up to the famous landmark which is the Hamptons of Hong Kong with only the very wealthy able to buy there.
Back in Hong Kong's colonial days, laws were put in place to make sure that only Europeans were allowed to own property on the Peak. Those laws are long gone, and today anyone who can afford to do so can live there. It's just that very few people can.
Hong Kong’s The Business Times reports one house last year sold for AUS$161 million, or $28,700 per square foot, while another sold for AUS $251 million.
Pollock Path, a cul-de-sac on the way to The Peak was named the most expensive street in the world a few years ago.
No 5 Pollock Path is one of the few remaining original houses on the Peak but half a century ago, this house was not luxurious in any sense of the word.
When Charles and Rosamond Brown bought it in the 1960s, it was a wreck, the garden overgrown and the windows ajar, exposing the interior to damage from the elements.
The Browns had so little money back then that they painted it themselves.
More than five decades later, Rosamond Brown, now a widow, sold the house in 2017 for AUS$574 million, including tax, according to The South China Morning Post.
Sydney’s Hugh Bowman will be defending his title when the world's best jockeys compete for the Longines International Jockeys' Championship at Happy Valley Racecourse on Wednesday 6 December.
A HK$800,000 prize fund makes the annual four-race showcase at Hong Kong's iconic city track the richest jockey challenge in the world and Ontrack’s Hong Kong racing tour 2017 will be trackside to cheer Hugh on.
The Ontrack tour leaves December 5 to take in everything offered during the Longines Hong Kong international races in 2017 including the Jockey Championship on the Wednesday night and the International Race Day at Sha Tin on the Sunday.
Four Hong Kong-based riders and eight of the very best of their overseas counterparts will form a brilliant line-up, with each rider competing for the HK$500,000 winner's prize.
Hugh Bowman won the title last year and Australia’s ambassador will have to be at his best to head off a star-studded line up this year including local champ Joao Moreira, two times IJC winner Ryan Moore, Brazilian sensation Leandro Henrique and UK champion Silvestre de Sousa.
The Hong Kong jockeys will be selected from the leading local riders but it’s almost certain Australian expat Zac Purton will be one of the four locals to compete.
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