Showing posts with the label Ma Wan outlying island

A good article about Park Island

I got this article below from a property magazine in HK called Square Foot. It was published in 2008. I have made some additions of my own ( in bold italics). Background In the early days, most Park Island purchasers were investors looking to make a quick profit, but today 90 percent are buying for their own use. The property market is still behind that of other parts of Hong Kong but it is moving up slowly. My observation is that this is as correct in 2010 as it was in 2008.    By way of an introduction, for those not familiar with it, Park Island Estate on Ma Wan is best described as Discovery Bay's baby brother. It has also been described as "Like DB but more Chinese" and "Like DB but classier and cleaner". Brought into being by Sun Hung Kai Properties Ltd in 2002, it covers over 1.3 million square feet, and is now into its 31st phase. The final phase of apartments is due to be launched in Q1 or Q2 of 2011. After that, no further supply of apartments will be