Park Island Villas - Phase 6

I took a look at the new phase of villas built on park island yesterday. The quality looks good, and the views over the ocean are fantastic. Some of the villas have their own outdoor grass gardens, with BBQ's etc. There is also a communal area for the residents to BBQ, which is right on the edge of the ocean. Nice!!!

In terms of price, last year agents had been predicting these would sell at $10,000 to $12,000 HKD per square foot. Now most seem to be saying that when these properties are finally sold it will be more like $15,000. They are clearly going to be appealing to wealthy families, seeking a nice clean living environment in Hong Kong, so I would expect the owners to mainly rich Chinese for self use, or who might then rent these to ex-pats from large international companies.

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