6 December 2012, Hong Kong – Banyan Tree Residences Lijiang and Banyan Tree Residences Huangshan, both world-class hotel branded residences in China, enjoyed huge successful sales that held in Hong Kong in late November, recording about 30 reservations in the sales preview.
Presented by CBRE, Banyan Tree Residences’ sole agent in Hong Kong, signature one, two and three-bedroom villas of the two resorts were showcased to a wide Hong Kong audience looking to invest in luxury leisure properties in China.
Ms. Rebecca Shum, Executive Director of Investment Properties International of CBRE, said, “We are very delighted with the fantastic results. The projects are perfectly catered to a growing segment of consumers in Hong Kong looking to invest in top of the range hotel branded residences in China for their own use and for rental yield. The most popular units to buyers are one-bedroom and two-bedroom villas, which offer an estimated rental yield of around 6% per annum for the first two years. Impressed by the high demand, we are going to have the next release in Hong Kong, with prices for one-bedroom villa ranging from RMB1.86 million (Huangshan) and RMB3 million (Lijiang) respectively.
The Banyan Tree Residences Lijiang spreads across 30,000 sq. m. and benefits from spectacular panoramas of Yunnan Province’s sacred Jade Dragon Snow Mountain. Its architecture mixes Naxi-style and features individual Chinese gardens. Properties range in size from 87 sq. m. one bedroom to 174 sq. m. two-bedroom and 254 sq. m. three bedroom residences.
Banyan Tree Residences Huangshan, meanwhile, are set in an area of over 17,000 sq. m. and offer a east-meets-west contemporary style that compliments the mountainous setting and “Hui” centre. Options are available in 87.5 sq. m. one-bedroom, 160.1 sq. m. two-bedroom and 200.4 sq. m. two-bedroom residences.
Both resorts are developed and operated by Banyan Tree Hotels and Resorts Ltd.
For more information, please contact Ms. Rebecca Shum, Executive Director of Investment Properties International, of CBRE, on 9099 9884 or rebecca.shum@cbre.com.hk
Disclaimer:
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
