Park Island luxury villas
I spoke to two agents today who told me that the price for the villas will be HKD 20,000 per square foot. They will apparently officially launch some time in the next 4-6 months.
Pool facilities on Park Island
My favorite pool on Park Island is the outdoor pool at the Blue Blue Club. Blue Blue Club Outdoor Pool Right now, as things warm up, one thing I enjoy is eating a meal overlooking the pool, and then having a relaxing swim, followed by relaxation the jacuzzie. I usually swim 2 to 3 times a week, and I find it a great form of exercise. One thing I really like about Park Island is that apart being surrounded by ocean (where you can swim if you wish) there are a large number of resort-style pools to chose from on the island. The Blue Blue club has the outdoor pool (pictured above) and an excellent Olympic style indoor pool (pictured below), also with 3 jacuzzie (one large mixed-sex one, and then one each in the mens and ladies rooms, along with steam saunas, dry saunas, etc). Blue Blue Club Indoor Pool The other pools are located at the Green Green Club house, in the middle of the Park Island (again with communal jacizzie), and also a huge outdoor pool near the Phase 5 apartments
20k psf!!! Man, that is staggering.
ReplyDeleteI still think PI represents excellent value for money, but I don't think I could extend that to the villas at that price.
Wow!
Let's see how many of the buyers of the villas are mainlanders. Its probably a lot of Chinese money that will go towards buying these.
ReplyDeletePersonally, rather then those villas, if you really wanted a luxury place on Park Island, I would consider the top two floor penthouses in the apartment buildings, which to me are much better value.
Still, the villas have private pools, grass gardens, BBQs, and ocean views, which some people are definately prepared to pay for. (I am still unsure whether they have private parking or not, but obviously that will have an effect on the price).
Yes I agree - it would be hard to go past those penthouses, which are probably less than a third of the price psf of the villas
ReplyDeleteYes, carparking is the dark-horse of PI over the coming year. If they do release general car-parking in the future, I wonder how the initial release would be sold, eg as an auction or fixed price?
Interesting times ahead on Ma Wan :)
The agents I spoke to regarding the relative value of the penthouses vs the villas seem to be of the view that right now, the owners of the penthouses are pretty much sitting tight, waiting for the villas to be launched, in the hope that the villa prices will set a new benchmark for penthouses and puch them up also.
ReplyDeleteAlso, there seems to be the view that as marketing kicks off for the villas, this will have an overall positive effect for Park Island in general, as more people come over and get familiar with what PI has to offer.
My suggestion for the parking on Ma Wan, if and when that ever happens, is that there should be an initial release of say 200 car parks, which would be auctioned off with only existing owners being eligable to purchase. After an "impact assessment" further car parks could be sold off on a similar basis.
I think the car parks should be placed in a location that keep PI itself as car free as possible. The location under the Tsing Ma bridge, or the land just as you enter Ma Wan after the roundabout would seem to be to be ideal locations.
20 k per daft seems reasonable to me. U get better quality housing and environment and facilities at a price lower than mid levels, repulse bay etc. So I can see for sure how these will be snapped up.
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