Why BPEA is selling über-luxury HK homes during downturn

Investors want their money back as fears of a property correction spreads. BPEA’s tactics showcase a readiness among real estate fund managers to meet this threat.

The sale is an invite-only event. The Who’s Who of Asian tycoons are viewing the trophy homes in Hong Kong, the world’s most luxurious housing market. Some multi-billionaires were even refused entry to preserve the ultra-exclusiveness of the sale.

The seven new builds on the 32,390 sq ft site are being marketed as family compounds one for mum and dad, one each for the children. There are only 23 such family compounds in Hong Kong, the largest has 10 houses for just one extended family, according to the analytics of the seller, BPE Asia Real Estate BPEA.

Such a scarce commodity in crowded Hong Kong has...

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