Showing posts from September, 2012

Ma Wan's Tung Wan beach to be widened in extensive beach improvement project

Park Island Residents! Today I have some very good news to report.
Our main beach on Park Island, Tung Wan beach is going to GROW

It will be made significantly wider. We are going to get more sand added, significantly more, which will provide for a broad, wide, and extended flat beach, care of the Hong Kong Government.

Government approval for the project has already been granted, and a tender for these works will go out shortly.
The beach improvement works will mainly involve filling of sand in an area of about 3.47 ha of foreshore and sea-bed to extend the sandy area of the Tung Wan Beach.
To give you a sense of the size and scale of the improvement, the sandy area of the beach will increase from about 3,400m2 currently to about 15,000m2. So around a 5 times the increase in the current sandy beach area.

In the map below you can see, marked in red where the new sand extension will go:

Below you can see an aerial photo of the relevant portion of Ma Wan Island: You can see the Tung Wan …

A research team from Europe coming to Hong Kong to study Park Island as a case study

Readers, I received the following email from Louise Westin, from Sweco Infrastructure, in Stockholm.
If you feel like helping her and making contact with her, please feel free to do so.
Dear Park Island Blogger, Thank you for your help about where to find information about Park Island and Ma Wan! Now I wonder if perhaps you maybe could give me some answers to my questions to? I would really appreciate your help!
I am planning a study-trip to Hong Kong, for a group of approximately 100 traffic planers, urban planners and engineers. On our study-trip to Hong Kong, we have scheduled an visit to Ma Wan and the residential area Park Island. We have not yet sorted out exactly how the visit will be organized, but one idea is to handle out some information material before we visit the Island. This is the reason way I am writing to you, I wonder if you could post a question on the wall of your group. I wonder how the residents on Ma Wan experience that the traffic system to and from the Islan…

Park Island Property Prices - new records set for "small sized units".

According to agents on the island last week was a busy month, with lots of enquiries from potential buyers.
I was sent the article below by a property agent on Park Island:
In summary, the article reports that  "small size apartment" sales broke record twice within the last month.
Park Island, Block 17, Mid Floor, Flat G
Size 449sqft
Price sold 3.12M ($6949 per sqf)
The owner brought in 2010 $2.45M and how now sold earning $1.33M up 54.8%.

According to the agent, the seller is now looking at buying a larger apartment on the Park Island. My comment on that is that whilst it appear the seller made a good profit, the larger apartment will of course also have risen in price, so from that perspective his "relative gain" may not actually be that much, as apartment prices everywhere (not just on Park Island) have risen substantially since 2010.

Some of these "small size" apartments were originally given to villagers from Ma Wan as part of the development deal with Sun …

Ferry Services on Park Island - will the ferry fares go up?

Over the last month or so, more residents on Park Island have become aware of wrangling between the ferry service provider to Park Island, Park Island Transport Company Limited ("PITCL") and the Park Island Owners Committee regarding the ferry charges.
For historical reasons, the raising of ferry charges in Hong Kong is a very sensitive issue. People unfamiliar with why this issue is sensitive may want to read up on what happened back in 1966 when the Star Ferry proposed raising prices:
PITCL is now a wholly-owned subsidiary of Sun Hung Kai Properties Limited. It not only runs the ferry services but also the bus services to Park Island.
There is no doubt that the bus services to Park Island are very profitable for PITCL. Some of the ferry trips are also profitable for PITCL, especially weekend ferry services and rush hour times, eg 7.30am to 9.30am and 5pm to 8.30pm. For times outside …