Showing posts with the label Sun Hung Kai

Park Island Property Prices hit fresh highs

Below is the latest Centa City Index price update for Park Island.

Prices now average at $9619.55 psf net, (and over $12500 psf gross).

Prices have followed a relatively constant growth trend since 2009.

I spoke to an experienced developer's daughter last month who told me that her family believe average prices will hit over 10K psf net by Chinese new year. (By the way, this also makes it very easy to calculate price. For example a 550 net psf average apartment price would be 5.5m HKD). She expected relatively solid growth of 8% per annum over the next 2-3 years, and indicated that she would only be concerned if overall HK prices spiked up something like 20% in a year, which would in turn lead to a further fear of missing out HK-style frenzy (which would in turn eventually lead to a bubble burst). China values social stability and so would ideally like to see contained but constant, non-volatile growth for HK in a way that keeps the majority of people happy she said.

We also disc…

Park Island Building and Resort Management

I must say, the building management on Park Island is among the best I have ever seen in Hong Kong.
All of the Park Island complex and resort facilities are managed by:
Kai Shing Management Services Limited Park Island Management Services Office Tel : 29863800 Fax : 29863899
The Office is on the right side up the escalator steps quite close to where the Ferry Terminal is.
I am not sure, but I suspect they might be a subsidiary company of Sun Hung Kai.
Every security guard at the lobby of each building seems very well dressed, helpful, and professionally trained. The only criticism I have is that for some of them, their English is not great, but that is of course to be expected, given what they are paid.
The flowers and gardens around Park Island are kept in immaculate condition. Indeed some people would say that everything looks almost too perfect! You never ever see any rubbish on Park Island - again, the cleaners are doing a fantastic job. Even the main beach on Park Island is cleaned da…