• Mon
  • Jul 28, 2014
  • Updated: 10:46pm

Kowloon oasis

PUBLISHED : Thursday, 03 May, 2012, 12:00am
UPDATED : Thursday, 03 May, 2012, 12:00am

INTRODUCTION

Central Kowloon is an oasis in the middle of a bustling city. Kadoorie Hill, Kowloon Tong, Prince Edward Road and Ho Man Tin are known as low-density, tranquil settings offering homes with a relaxing atmosphere rarely seen in Hong Kong.

It all began in 1922, when the British colonial government launched the 'Kowloon Garden City' plan, with the development of 250 villas, each with a garden, for British merchants to make them feel at home.

'The neighbourhood enjoys peace and quiet in the middle of the city, with a great school network and convenient transport'

Ricky Wong Kwong-yiu, managing director, Wheelock Properties, developer of Kadoorie Hill in Prince Edward Road West

Early town planning meant most properties in central Kowloon were either town houses or low-rise apartments, but tall buildings have also appeared in recent years.

King's Park Hill and Parc Palais are among the most exclusive and pricey properties in the area. There are relatively few large-scale private housing estates in the area, except Parc Oasis, One Beacon Hill and Mount Beacon, that are popular among the middle class and professionals.

Recent transactions include:

A 7,283 sqft town house at No 1 Oxford Road by China Overseas, sold for HK$182 million, at HK$25,000 per square foot.

A 4,268 sqft town house at Henderson Land's King's Park Hill, sold for HK$86 million, at HK$20,200 per square foot.

A 1,466 sqft apartment at One Beacon Hill by Cheung Kong, sold for HK$23 million, at HK$15,700 per square foot.

A 2,008 sqft unit at 15 Ho Man Tin Hill, developed by Kerry Properties, sold for HK$43.28 million, at HK$21,600 per square foot.

Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or