At first glance, you would be forgiven for thinking that this trendy city abode was a bachelor pad, for the home exudes a sleek, sultry charm, enhanced by jaw-dropping views of Hong Kong’s Central District and the harbour beyond. It’s actually the love nest of a hardworking young couple.
The man of the house was mostly involved in the home’s creation process, explains Cyrus Cheng, a designer at Chinc’s Workshop, the Hong Kong-headquartered interior-design firm that the homeowners commissioned to help create their slick abode.
“I was going to give the designer carte blanche, so I wanted a designer with the passion to turn the space into his pièce de résistance,” says the homeowner about his decision to work with Chinc’s Workshop. “Cyrus and I had a similar vision for the apartment,” he explains. “I was thinking of a Manhattan-style penthouse with a view.”
Cheng immediately “got it”, coming up with a concept that was modern and masculine. What really clinched the deal, however, was “his design for the kitchen and dining area,” says the homeowner.
The triplex apartment is located in the city’s prestigious Mid-Levels area and has a total floor area of 2,380 square feet, with three bedrooms, two bathrooms and a terrace. Initially, the space presented something of a challenge for Cheng. “It’s long and narrow, so we tried to maximise the usable space,” says the designer.
To begin with, there were windows on three sides, but, given that this floor had to encompass a helper’s room, powder room and laundry – as well as the kitchen and dining room – the Chinc’s Workshop team decided to forfeit the windows on one side, building in cabinets to create utilitarian spaces.
The kitchen and dining rooms were kept open-plan, as the homeowners love entertaining. “My girlfriend loves to cook and having a kitchen where we can cook together makes it a lot more fun,” says the homeowner, who was particularly keen to have an island-type show kitchen.
The whole level is decked out in dark hues, consolidating that edgy, masculine vibe. Solid hardwood flooring in stained oak sets the tone, while slick black Siemens appliances pair smoothly and seamlessly with glossy black cabinetry. Come nightfall, the cabinetry serves a second purpose, reflecting the brightly lit Hong Kong skyline. LED lighting under the kitchen countertop also adds to the cool factor at night, slowly changing colour as the night progresses. “It has managed to give the space more of a funky bar feel,” the homeowner enthuses.
The couple also like to relax – they both work busy jobs, rising very early to start the daily grind – so their private area, which is located one level above the social floor, garnered just as much attention in the design process.
Cheng created “a very enclosed private sleeping area in the bedroom” – a snug and nest-like space, with one wall covered in charcoal-hued velveteen panels. On each side of the bed, Droog’s Milk Bottle lamps hang, offering a quirky element in this highly sophisticated space.
Elsewhere on this floor is a stunning guest bathroom, featuring a double skylight. Cheng added this vertical element to bring the line of sight upwards and outwards, while also bringing sunlight into the otherwise dark room. A long mirror – stretching from the ceiling to meet the basin and Gessi Drop tap – also serves to bring more light into the space and was deliberately designed to resemble a waterfall. This ultra-glam bathroom is home to a sunken mosaic tub and a built-in, wall-mounted television.
The final floor is also dedicated to entertainment, albeit designed for quieter, more low-key evenings. This was once the rooftop of the building, but with planning permission, the developers turned it into another level, and Chinc’s Workshop then transformed it into the sitting room-slash-home cinema that it is today. A portion of the roof space still remains, acting as a balcony leading off from this sumptuous living area.
From top to bottom, this triplex is evidently the pièce de résistance the homeowner was looking for. Cheng humbly puts the project’s success down to having the owners’ full support all the way through. “This project wouldn’t have been executed so successfully without all the trust and freedom given to me and my team,” he says. “I simply couldn’t have asked for a more supportive client.”
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Business Insights
- Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
- The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
- US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Yuki Means Happiness
Alison Jean Lester
John Murray
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE SPECS
BMW X7 xDrive 50i
Engine: 4.4-litre V8
Transmission: Eight-speed Steptronic transmission
Power: 462hp
Torque: 650Nm
Price: Dh600,000
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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The biog
Fast facts on Neil Armstrong’s personal life:
- Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
- He earned his private pilot’s license when he was 16 – he could fly before he could drive
- There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
- After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
- In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994
Dubai Rugby Sevens
November 30-December 2, at The Sevens, Dubai
Gulf Under 19
Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy
Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2
Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina
Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Read more from Johann Chacko
THE BIO
Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
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What it means to be a conservationist
Who is Enric Sala?
Enric Sala is an expert on marine conservation and is currently the National Geographic Society's Explorer-in-Residence. His love of the sea started with his childhood in Spain, inspired by the example of the legendary diver Jacques Cousteau. He has been a university professor of Oceanography in the US, as well as working at the Spanish National Council for Scientific Research and is a member of the World Economic Forum’s Global Future Council on Biodiversity and the Bio-Economy. He has dedicated his life to protecting life in the oceans. Enric describes himself as a flexitarian who only eats meat occasionally.
What is biodiversity?
According to the United Nations Environment Programme, all life on earth – including in its forests and oceans – forms a “rich tapestry of interconnecting and interdependent forces”. Biodiversity on earth today is the product of four billion years of evolution and consists of many millions of distinct biological species. The term ‘biodiversity’ is relatively new, popularised since the 1980s and coinciding with an understanding of the growing threats to the natural world including habitat loss, pollution and climate change. The loss of biodiversity itself is dangerous because it contributes to clean, consistent water flows, food security, protection from floods and storms and a stable climate. The natural world can be an ally in combating global climate change but to do so it must be protected. Nations are working to achieve this, including setting targets to be reached by 2020 for the protection of the natural state of 17 per cent of the land and 10 per cent of the oceans. However, these are well short of what is needed, according to experts, with half the land needed to be in a natural state to help avert disaster.
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5