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Archive for October, 2009

Oct 15, 2009

Hong Kong Luxury Real Estate on a Roll

by Scott Murphy

Hong Kong Luxury Real Estate

$57 Million as a sales price for a Hong Kong apartment?

That’s a price that would make the most expensive areas around the world such as San Diego, Los Angeles, New York and even London cringe. This five-bedroom, 6158 square foot luxury duplex suite located at one of Hong Kong’s most prestigious addresses was bought by an unidentified buyer.
And if you think that is really high for an apartment like this, another recently sold in the same building for $51 million as well.
Created and crafted by one of Hong Kong’s major development companies, this is reported to be Hong Kong’s most expensive residential real estate sale–at a mind blowing $9,200 per square foot. This building also has many amenities such as an aroma spa center, fitness room, outdoor yoga gym and amazing views of the harbor.
There have been many fears of a bubble in China’s real estate economy, but lately the rich have been getting richer. There are now 130 billionaires in China and the number is expected to rise with all the money being poured into their economy.
There is also talk from Hong Kong’s leader Donald Tsang about freeing up more land for development to help add supply and bring down the prices to make housing more affordable.

What if I had $57 million to buy a luxury home in the U.S.?

I would seriously have to consider a currently-available 10,000 square foot home right on the beach in Del Mar, just north of La Jolla. The climate couldn’t be more perfect, the views are spectacular, while snow-covered mountains and desert golf are just a couple of hours away. But then again, I am a big fan of (and a Realtor in) San Diego!

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Oct 13, 2009

Luxury Gadget: Bladeless Fan

by Roberta Murphy

Dyson Bladeless fanI love the genius behind Dyson engineering and products.

Instead of thinking outside the box, these air gurus study the box very closely and re-engineer it into device that works better than its predecessors.We love the Dyson vacuums and find them intuitively simple to use.  They are also nearly indestructible.  The Dyson wizards have also invented a hand dryer that really works–with air that travels in the neighborhood of 400 mph.

A tip of the top hat to Paul Taylor with the Financial TImes, who released this story whereby inventor James Dyson claims his bladeless fan–or the Dyson Air Multiplier,  works by forcing a jetstrem of air out of a narrow circular slit and then over an aerofoil-shaped blade, and is proving to be at least as efficient as its bladed counterpart, while reportedly being more comfortable and much safer.

The Dyson fan is controlled with a remote slider, which allows for more precise air flor. The cost ranges from a hefty $300 for the 10-inch model and $330 for the more powerful 12-inch air multiplier.

The fan, or air multliplier, is reportedly and currently available at select specialty stores in the US–and will hopefully soon be available on the Dyson site as well as Amazon.

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Copyright 2009 by The Murphy Group