Showing posts with the label park island villas

Photos of Park Island Phase 6

I met a Park Island property agent this afternoon. Here are some photos of Phase 6 Park Island from a brochure he gave me. The apartment I like are the ones with the lawns and pool, although in terms of buying I would almost prefer the luxury apartments on the upper floors of the earlier phases on Park Island.

Park Island property agents are getting ready for Phase 6 Park island villa launch

I snapped these photos. It looks like agents are being geared up to promote Park Island ready for the Phase 6 villas launch.

Property Prices on Park Island

Below is a graph which shows the performance of Park Island property transaction prices over the last year, March 2010 to March 2011.

Based on this graph, from Centerline Property, one can see that transaction volume for Park Island apartment is around 10-20 sales a week. One can see that almost all buyers are "long term", holding the property for more than a year, rather than speculative "flip sellers".
One can see a clear trend of prices rising over the last year, with a spike in prices particularly in the last month.
The average price for a Park Island apartment, according to Centerline Property Data, is HKD $5800 per square foot. My casual observation is that sellers are asking around HKD $5900 to $6500 per square foot, depending on view etc, and that sellers of the "super apartments" (ie those with extra large balconies or rooftops) are asking around $10,000 per square foot.
I have heard, that the new phase of villas is being sold privately by developer …

Photo of the new villas on Park Island!

Here is a photo of the villas being built on Park Island.