Park Island, Ma Wan, Hong Kong

Park Island property prices hit a new record high end of August 2015. Below is the most recent graph: Park Island Property Prices Hit A New High If you look at the end of the graph, you will see a massive 10.86% jump in prices over the last month. Below are the current average prices (gross PSF and net PSF): The data is taken from   Centadata HK property price data  website (which is the same source I have primarily used in previous updates).  For Park Island property owners who have been agonizing over recent stock market losses, take some comfort that at least your property investment continues to rise in value.

Let's take a look at how prices of property in Ma Wan / Park Island performed this year so far. A year ago, in August 2014, I made a prediction as to where prices for Hong Kong property might go, in my post:  What will Hong Kong property prices do ? In that post, I wrote the following: "If I had to make a guess I would think that overall, prices will keep rising in 2015 in Hong Kong. I can't see interest rates rising at all until late 2015, and even then they will rise only very very slightly, if at all. Property cooling measures are very unlikely to be increased, and they are more and more being "priced in" which means that eventually, when they are removed, the removal of property cooling measures in Hong Kong will be very supportive of property prices. All in all, the factors going forward, weighed up, point to quite decent property price growth for Hong Kong next year." It turns out I was spot on the mark. I also included a graph at...

Some cool photos here that were recently uploaded onto the Ma Wan Network Facebook page.  Would have been scary being on the bridge at the time the bolts hit. If you are the photographer of these great pix let me know and I will acknowledge you. Lightning hits the bridge over Ma Wan Picture of storm over Hong Kong