Trophy Hunters

Billionaire buyers are snapping up properties with price tags of more than US$100 million, writes Nadine Bateman

WHEN THE ROMANS said that “a man’s home is his castle,” little did they realise their metaphor might be used to describe an era when houses could cost as much as royal residences once did. However, that time is now. Certainly, if you shell out US$100 million for a property, the least you might expect would be a turret or two—and possibly a moat. That’s the staggering sum being paid with increasing frequency by the wealthy seeking ways to invest amid the prevailing global economic turmoil. For billionaires, these properties have acquired the status of assets such as a Picasso or a pink diamond. In its 2015 report about the global luxury real estate market, Luxury Defined, Christie’s International Real Estate reveals that more properties sold for at least US$100…

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Tatler Hong Kong (Digital) - 1 Issue, December 2015

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