Park Island, Ma Wan, Hong Kong

I thought it would be interesting to compare the official data with my own observations. According to the most recent Hong Kong Government Census data: -The average is 33 years old. This seems somewhat young to me, but I think the data must be skewed as so many people with children live on Park Island. With so many families with kids 1 to 10 years of age on the island, I think this must bring the average age well down. Also many air hostess live on the island, and they must range between 22-30 years of age, -The average employment income for Park Island residents is double the average for Hong Kong, and the average household income Park Island residents is triple the the average for Hong Kong. At first these figures seem a surprise. One would think that the wealthy people live in the Mid Levels in Hong Kong (and I am sure they do). But the reason why Park Island ranks well above average is probably because this is all private apartments (not Government housing) and probably because ...

There is an article here in Chinese http://hk.news.yahoo.com/article/101117/4/lb1q.html  which reports that a luxury apartment sold a few days ago on Park Island for over 10,000 per square foot at HKD $19.75m. The apartment is 1880 square foot, 33rd floor, block 31. It comes with an 800 square foot balcony, and access to the rooftop and fully open views. No doubt amazing for entertaining etc. This is a new record for Park Island, and to me confirms the changing profile of people who are moving to 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...

Park Island is connected by an excellent modern highway that connects to the Hong Kong Airport on Lantau Island, and to Kowloon and Hong Kong Island. See below Park Island on Google maps: To get to Park Island, you can use public transport such as a buses or ferries. Private busses also drive to Park Island (eg for school groups, or tours visiting the Noah's Arc). And service vehicles are also allowed (eg for furniture and goods deliveries). Originally, as part of Park Island's eco-friendly clean air policy, taxis were banned from the island. However on 3 July 2008, the Goverment made changes to the policy and decided to allows taxis are now permitted to enter from 8pm to 7am in the morning. Any resident living on Park Island has the phone number of a "discount taxi" that offers 15-20% off normal rates. Park Island does have the space for private parking, and so there is often speculation as to when (or whether) private cars will be allowed on Ma Wan. Many Park I...

For anyone considering buying property on Park Island, here is a website that the developer Sun Hung Kai used when they first launched the development. http://parkisland.com.hk/ The Park Island website shows the Park Island Club Houses, photos of views, information on transport to Park Island, and communmity actvities on Ma Wan island.

After my morning coffee, I went down to the beach, and had a sleep for an hour or so. Then I went for another swim. Then I went back to my apartment and did a few emails. Had pizza and a few beers for a late afternoon brunch/early dinner. Now chilling with a cold beer on my balcony. Here's a pic of the sun setting over the ocean: View of Hong Kong Ocean from Ma Wan Nice huh? In the distance you can see the ocean and the setting sun shining down. Then, closer to the  bottom of the picture you can see some shrimp farms, and at the bottom are the houses of the Ma Wan village (in that area you can go and eat nice local sea food). Have a great week ahead everyone! Good night from Park Island!

- Got up at 6am, and saw the sun slowly rising from my balcony. (No hangover from drinks the German Restaurant last night, thanks to good quality German dark beer). - Went for a beach run, a swim, and then a hike around the back of Ma Wan island. - Got back, showered, made a fruit smoothie and had some cereal. - The weather is perfect right now. Around 25 degrees is my guess, nice sunshine, and clear sky. I am about to go the cafe on the beach for a morning coffee, and to read the papar.