Ritz-Carlton Residences at L.A Live Favored by Hong Kong Buyers

Nov. 23, 2010 - PRLog -- Hong Kong  - The Los Angeles skyline has added a new star.  The Ritz-Carlton Residences at L.A. LIVE consist of 224 luxury condominium residences located on floors 27 through 52 atop the newly opened Ritz-Carlton Hotel Los Angeles.

“The lifestyle is ultra sophisticated and is designed for world class property owners” according to Laurie Miskuski Director of Sales and Marketing for AEG, the property developer. “Owners are pampered twenty four hours a day by the legendary Ritz-Carlton Hotel services and the dedicated residential concierge.” The property boasts every amenity expected in a five star luxury building including The Ritz-Carlton spa and fitness center, valet parking, screening room, sky lobby, residential lounge, landscaped sky terrace, board room and roof top heated pool.

The building is the residential center piece of the L.A. LIVE entertainment complex which includes the STAPLES Center, NOKIA Theatre, Club NOKIA, Grammy Museum, Lucky Strike Bowling Lanes, ESPN Zone, 14-screen Regal cinema, 14 restaurants and numerous other shops and entertainment venues.  

Owners at The Ritz-Carlton Residences at L.A. Live are front seat to the upcoming shows including Lady Gaga, Usher, Andrea Bocelli, Sade, Stevie Wonder, Michael Buble and the Rockettes Christmas Spectacular.  For the sports fans, the complex hosts the LA Lakers Basketball team, LA Clippers Basketball, LA Kings hockey and other professional sports events.

The iconic architecture and contemporary interiors were created by international design firm Gensler. The residences feature top of the line Gaggenau appliances and Snaidero cabinetry.  Most residences have 10 foot ceiling heights with views sweeping downtown Los Angeles, San Gabriel Mountains, Hollywood Hills or the Pacific Ocean.

“The architecture and the interiors are stunning”, says Patrick ONeill CEO of the ONEILL Group the firm marketing the properties in Hong Kong.  “The building is a work of art and one of the most glamorous properties I have ever seen.  The combination of the design, amenities, services and the close proximity to USC and UCLA is what makes The Ritz-Carlton at L.A. LIVE so attractive to the Hong Kong property investors.”

Another attraction for the Hong Kong property owners is the US housing price corrections.  According to the S&P Case-Shiller Home Price Indices US home prices fell over 30% from the peak in 2006 to the bottom levels of the second quarter 2009.  The most recent report shows gains in the Los Angeles area of 5.4% in August and 7.5% in July over the 2009 levels. “Clearly this is the best time for international investors to purchase property in the US. Values are down, financing is at historic lows and the currency exchange arbitrage is significant”, says ONeill.

The one, two and three bedroom residences range in size from 980 to 4,230 square feet with prices starting at HK$6,630,000. The penthouse units located on floors 50 and 52 range in size up to 5,444 square feet. Penthouse One of approximately 5,426 square feet is available at HK$76,167,000. The building is complete with turnovers commencing in January.

A limited release of specially priced condominiums at The Ritz-Carlton Residences at L.A. Live is available for international investors through the ONEILL Group Hong Kong.  For more information call 852 3103 1008 or email ritz@ogrouphk.com.

The ONEILL Group Hong Kong is an international real estate firm helping Asian investors purchase property in the United States.  The firm was established in 2005 and is headed by CEO Patrick W ONeill.  www.ogrouphk.com

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The ONEILL Group Hong Kong is an international real estate firm specializing in sales, marketing, development, finance and property funds.