Showing posts from May, 2012

Random Park Island Photos

A few random photos I took around Park Island with my new i-phone, trying to be a little fancy with the panoramic mode.

Latest property data from Centadata

Seems prices on our island hit a record high last week, now just a touch short off 6000psf.

A few comments to consider when interpreting the data, and deciding whether to buy or sell:

1 - Will prices hold up during a new financial crisis coming from Europe?

2 - Park Island prices migh be up, how how about rentals? If rentals are not also rising then yields are dropping (unless interest rates have dropped, which they cannot really do as they are already all time lows).

3 - How about transaction volumes? If prices are up, but in the context of transaction volume being very low, what does this mean.

4 - Are prices on Park Island basically mirroring HK property prices trends, or is Park Island over (or under) performing HK generally.

Photo of Park Island Estate take as the ferry approaches Ma Wan


AnaCapri Park Island transaction details - an update

The Anacapri sales data below is sourced from Sun Hun Kai.
I will also try to put up some details of secondary transaction records for AnaCapri Park Island once they start coming through.
From speaking to agents it seems that initial quick on-sells were around 8-12% up, but that for anything that's being offered for on-sale now people are seeking around 20% above what they paid.
For interested buyers of AnaCapri apartments on the secondary market, as I mentioned in a previous posting, it may be that as properties fall due for settlement some buyers might lower their prices. This is what has happened at some times in the Hong Kong property market. Having said that, rates are so low right now, the desire to do this is likely not to be as strong as it was in Hong Kong when interest rates were higher.
AnaCapri Park Island Transaction Details
Block 座數, Villa 單位 Floor樓層

03/03/2012 33 C 3 HK$ 7,749,100.00

05/03/2012 32 B 6 HK$ 14,247,300.00

05/03/2012 33 C 1 HK$ 11,886,300.00

05/03/2012 33 C 5…

A hike around Ma Wan Island - Part 2

In part 1 of this series, A hike around Ma Wan Island - Part 1 I posted photos of the path up to the top of the mountain on Ma Wan.
In this part 2 of that series, I will post pics taken from the top down to the other side which faces Hong Kong island.

Once at the top, you will walk past the gravestones and tombs of local Ma Wan villagers. And on the other side you will get an amazing view of this island here. Its so inviting, and I would love to swim over to it some time!

On the other side, you will also see a very private nice beach.

There is also a nice pier on this side of the island. Here is a photo of the pier looking towards Ma Wan. You can see the Tsing Ma bridge in the distance. There is also a small pagoda with seats that you can use to rest in the shade, or have a picnic.

PS - Be sure to bring water with you, especially if you are hiking in the summer months. There are no shops out here, not even drinking fountains, and only salty ocean water all around!
In part 3 of th…

Park Island Toga Party

A great photo here of Park Island ex-pats having fun down on the beach with a toga party. It's not actually an annual Park Island event, but if not, perhaps it should be :)