The Peak and Mid-Levels: elite living at some of the most prestigious addresses in Hong Kong
- Among Hong Kong’s most prestigious areas, The Peak and Mid-Levels attract some of the region’s most affluent residents, keen to pair high standards of living with convenient access to the city’s amenities
From millionaires on The Peak to expat professionals setting up home in the Mid-Levels, this neighbourhood bordering Hong Kong’s business hubs, Central and Admiralty, is highly sought after by those looking for calm and tranquillity but with easy access to all the action on Hong Kong Island.
The Mid-Levels stretch all the way from Western Hong Kong across the top of Central to Happy Valley. The area has an abundance of greenery, with walking trails and historical sites, quaint cafes and a wide range of restaurants, and is traditionally thought of as home to small, affluent families who benefit from proximity to the many local and international schools in the neighbourhood.
Those who can afford to live on The Peak enjoy some of Hong Kong’s best panoramas from the privacy of their spacious homes.
One such example is 77/79 Peak Road. A veritable sanctuary enveloped by nature and towering trees, the estate offers saleable areas ranging from 6,000-8,200 square feet. Envisioned by Wheelock Properties together with Wharf Holdings, the property boasts a private swimming pool on the ground floor and private driveways for some of the units.
“Despite Covid-19, the Hong Kong luxury residential market has remained resilient, with the overall prices of luxury homes only [dropping] 4.8 per cent year on year,” says Martin Wong, associate director, Research & Consultancy (Greater China) at leading real estate agency consultancy Knight Frank. “Instead, Covid-19 has slowed down the transaction volume. In The Peak and Mid-Levels [areas], residential sales transactions with consideration at HK$30 million or above dropped 58 per cent year on year in the first 10 months of the year.”
