Park Island, Ma Wan, Hong Kong

Well, summer on the island seems just fine. Everyone is out enjoying the sun, swimming, and tourists are coming over in the weekends to enjoy the beaches. The Indian Restaurant (Moguls I think the name was) near the beach is closing. Word is that is will be replaced by a Japanese restaurant. My view is that if they do really good Japanese food, they will do well. On the other hand though, it is hard to do good Japanese food, so my advice from the new restaurant is that you had better provide great quality food from the outset. If the food's no good, that reputation will quickly spread. On the other hand, if its good, word will also spread and you will have a business that does well. Rumor of the month is that a young couple were caught joining the Ma Wan Ferry mile high club (is there a name for the ocean version of this?) a few weeks ago, on one of the last ferry's coming back to Ma Wan from Central. Apparently the performance continued for quite some time, before a boatsma...

Here's the link to the Ma Wan park, which is next to Park Island, in case anyone has not been and wants to visit: http://www.mawanpark.com/eng/home.php There is also information about weddings on Ma Wan, which apparently are quite popular.

Ma Wan Ferry Terminal This photo is taken from the hill around to the left of the Ma Wan Ferry Terminal, near where the Phase 6 Park Island villas are. Not many people go here, except a few local guys who like to go fishing off the rocks. HK island is off in the distance under the bridge. Here is another photo taken from the same spot with the camera point more to the left.

Thank you Cafe Roma :) Pizza and a burger from Cafe Roma

Latest graph here. No signs of a slowing property market on Park Island it seems..

"What's the Hong Kong property market going to do"? That of course is the question everyone wants to know. And if we did know, we could of course all be very rich! No one can predict with 100% accuracy what the market will do. But what we can do with 100% certainty is look at historical data. The graph below shows Park Island apartment prices over the last year. Park Island Property Prices The line in blue is the average price per square foot for Park Island apartments, plotted on a weekly basis over the past year. And line in red is the 12 month moving average line. Those who argue that "the market has turned" will point to the apparent decline in prices for transactions over the last few weeks (as shown by the last dip in the blue line). On the other hand, others will argue that the rate of price increases has been steady and constant over the year (as shown by the constant rise upwards of the red line). My own view is that we are in for continued lo...

The views from Park Island Ocean facing apartments to Hong Island are stunning, whether in the morning with the sun rising, in the middle of the day, in the evening with the sun shimmering over the ocean as it sets, and at night. You can also see ships, both large and small, as they move across the ocean and off into the distance. Below are a few photos I captured. You can see HK island in the background.