Park Island, Ma Wan, Hong Kong

The Government is seeking views on future MTR stations for Hong Kong here:  Our Future MTR Lines If you support an MTR station for Ma Wan, Park Island, please send an email expressing your views here: enquiry@ourfuturerailway.hk  Every email, comment, phone call etc from a Hong Kong resident supporting this will help. It takes just five minutes, so please do take the time to express your support for this, and please forward this to others and encourage them to respond. An MTR station might also be a compromise between those who want private car access to Park Island and those who prefer a focus on enhancement of public transport options.

Readers, I have received this email below.: Hello, I am an architecture student in London. We visited Hong Kong in November as part of a field trip and it was an unforgettable experience. I have a few questions about Ma Wan island if anyone is willing to help me please. I have noticed the Care village on the map. What is the village exactly about? I am working on a design proposal for a clinic in Ma Wan village. If you have any interesting information about the village to share please do so.. What is the atmosphere/ambiance of the village? What are the inhabitants like? If any of you wish to get in contact and/or assist this person, please feel free to post your details on this comments section, or email me and I will pass on your details to him,

Posting this advert in case anyone wants to rent a nice apartment on Ma Wan I have a flat with rooftop for rent. 1532sft and it is 3 bedrooms 2 bathrooms plus a maid quarter.   Original renovation.   Would like to rent for close to $50000. Available in 2 weeks. If you could let me know if anyone is interested?   Best Regards, Lily c2006@hotmail.com

Park Island Property Prices rose 8.5% over the last month. I won't go over the many reasons for this again, as I have posted on this before, for example: http://parkislandhongkong.blogspot.com/2013/02/park-island-property-prices-are-poised.html http://parkislandhongkong.blogspot.com/2012/09/park-island-property-prices-new-records.html Click here to view the latest published statistical information on  Park Island Property Prices . Park Island property remains exceptional value at current prices compared to property in almost all other part of Hong Kong, so I would expect that prices are likely to keep rising. I will shortly post an update on the latest Park Island ferry, taxi, and bus schedules. A reminder that if you support the proposal for Private Car Parking for Park Island Residents, there is a petition you can sign here:  Park Island Resident's Car Parking Petition. That's it for now. The Park Island Blogger

Today's SCMP reports that property developer HKR International plans to build six "super-deluxe" houses ranging in size from 6,000 to 8,000 square feet on Discovery Bay. "Each house will enjoy spectacular sea views and the project will be located next to the Discovery Bay Golf Club," said Chan Chi-ming, the head of the Hong Kong business unit at HKR, the developer of Discovery Bay. Agents said the houses planned by HKR could fetch more than HK$150 million each (which by the way makes our most expensive apartments on Park Island look very cheap by comparison!). "Due to their scarcity, they will be sought-after by the rich and famous.". There are 17 houses on Discovery Bay, each of them 5,168 sq ft, with gardens ranging from 6,000 to 9,000 sq ft. One of the houses on Seabee Lane is on the market for HK$120 million. Negotiations with the government over the land premium payable for the proposed project, which will be the 16th phase

Property agents around Park Island are reporting strong buying demand for Park Island properties as primarily Hong Kong investors appear to see significant gains ahead for Park Island property as a result of end-user demand. Some agents are forecasting a price of $10,000 psf for regular apartments to be reached by early 2014. I think this is possible but more likely by the end of 2014 or early 2015. Below is the most recent price graph for Park Island, just out today, which seems to confirm this trend. Park Island Price Graph At the end of the graph you can see spike of 5.5% rise in prices over the last month. The themes and the factors driving the continued rises are nothing new. Park Island is great value, excellent quality, and still very affordable compared to almost all other parts of Hong Kong. Borrowing costs are very affordable (and seem poised to remain so for some time yet), and Hong Kong residents are increasingly realizing that they need to preserve the value

Property agents are reporting a strong pick up in activity over the last few weeks as transactions start increasing again. Demand is strong form first time buyers wanting to get into the market for smaller apartments, and also apparently very strong from families who have either been renting, or had a smaller place, wanting to upgrade to larger sized places. I was sent this advert recently by the way by a private seller of a so called "combined unit" Park Island apartment: http://admart.asia/en/HongKong/Property/Apartment-for-Sale/page1/36220 . It might be a of interest to people seeking a larger home. Its hard to tell what will happen to the market and what if any other measures the Government puts in place to discourage people form selling, but my guess would be we will see 8-10% gains in prices per year over the next few years, as interest rates look like remaining at rock bottom lows for some time to come, and demand for Hong Kong property keeps rising w