Posts

Showing posts from March, 2012

SHK pricing of Teun Mun Development at $13,000 per square foot

Interesting to read today that Sun Hun Kai (the developer of Park Island) is likely to price its new Tuen Mun project at a minimum of $13,000 psf. The development called Century Gateway is due for completion in the third quarter of 2013.
It also appears that someone was a little naughty in advertising the development for sale before official approval had been granted. See the article here: Century Gateway Apartments for Sale If these prices are correct, it again makes Park Island look remarkably cheap. Sooner or later price arbitrage must take place, with Park Island coming up in price to other similar developments, of course taking into account all factors such as location, transport, schooling, facilities, etc.

Park Island Property Prices - An update

Image
Park Island prices are close to record highs, (but still very cheap in my opinion).

As you can see from the graph, prices on Park Island seem to be maintaining their gradual accent. The correction in October-December 2011 was I think due to the panic over Greece defaulting on its debt. As Park Island is very much end-user driven, rather then speculative, I think prices will continue, over time to steadily rise. Perhaps not as sharply as places like the Mid Levels during "hot" times, but also they will not decline as sharply during "cold" times.

A panoramic ocean view from Park Island at night across the ocean to Hong Kong Island.

Image
Here is a quite impressive Park Island photo (I took from another website) of a night view from Park Island across the ocean. Really quite stunning on a clear night.

If you are after an apartment in Hong Kong with ocean views, consider Park Island as a very  affordable option.

Layers Painting Workshop

Image
Some cool work done here by Layers Painting Workshop on a Park Island apartment.

If you are interested in having something like this done call them to arrange a proposal (details below):

EMAIL: layers@layerspaint.com
CANDY: 9280 3250
ZOEY: 6108 4784


Snakes on the island - a snake on Ma Wan beach!

Image
We have snakes on our island (and I'm referring not to the real-state agents, but rather REAL snakes).
I took photos of this snake on Ma Wan beach on Saturday. OK, well its actually just the skin of a snake, but if that's the skin, I would hate to imagine the size of the owner of the skin!
If anyone sees the actual snake, please send me a photo. I am not sure how big snakes in Hong Kong can get, but this was a big one.

Photos inside of Anacapri Park Island

Image
Some photos from inside the Anacapri development on Park Island.