The Peak (Hong Kong) - - Passion Pl Ay -

Wel­come to the lat­est edi­tion of Peak Prop­erty. Once again we’re ap­proach­ing the sub­ject of the se­cond home; this time from both an ur­ban/in­vest­ment point of view, as well as from a ru­ral, pas­sion project per­spec­tive.

On the pas­sion side of things, our cor­re­spon­dent El­iz­a­beth Kerr delves into the op­tions for buy­ing winer­ies. There is no short­age of es­tates avail­able for those who wish to take a pas­sion for wine and turn it into some­thing more. And while buy­ers have tra­di­tion­ally turned to French es­tates, since many recog­nis­able names are from Bur­gundy and Bordeaux, this may be slowly chang­ing. Some truly re­mark­able es­tates have re­cently come onto the mar­ket in Spain, Italy and California, where a fan­tas­tic prop­erty in Napa Val­ley will let you live like a Ro­man em­peror – all within driv­ing dis­tance of down­town Los An­ge­les.

Speak­ing of the United States, we also get the low­down on sec­ondtier cities in the US, where prop­erty mar­kets, es­pe­cially at the high end, are pre­sent­ing in­vestors with some in­ter­est­ing op­por­tu­ni­ties. Dalian Wanda has in­vested an enor­mous sum to de­velop a US$900 mil­lion (HK$6.97 bil­lion) lux­ury apart­ment com­plex in Chicago – the largest in­vest­ment by a Chi­nese com­pany in the city, and the largest prop­erty project by the com­pany in the US. Op­por­tu­nity abounds in the US, away from es­tab­lished prop­erty mar­kets in New York, San Fran­cisco and Los An­ge­les.

Fi­nally, we look at the kitchen. Ex­pe­ri­ence teaches that, when you host a good party, this is where peo­ple will end up. This is ex­actly why de­signer la­bels such as Ar­mani and Fendi are bring­ing their spe­cial touch to this all-im­por­tant part of the home.

Home is where the heart is, and with that, I hope you find inspiration in this is­sue of Peak Prop­erty.

SE­COND TO NONE First-tier US cities may still be the big des­ti­na­tion points for Asian prop­erty in­vestors, but cities such as Chicago, Mi­ami and Bos­ton also de­serve a look MOV­ING PARTS, BARE ES­SEN­TIALS Lux­ury kitchens are tak­ing a turn for the min­i­mal to

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