Connecting communities

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


Thanks to the ever-expanding MTR railway network, even the furthest corners of the New Territories are now within easy reach. With this massive transport infrastructure connecting widespread areas, people living in different locations are getting closer to each other.

'Hong Kong people like to buy properties along railway lines and on top of their stations as they preserve their value'

Thomas Lam, head of research for Greater China, Knight Frank

As the MTR network expands, more homes have been built along the railway lines to house Hong Kong's growing population. Sha Tin and Tai Po have grown into successful new towns along the East Rail, while projects by the Ma On Shan, Tseung Kwan O and the West Rail lines have provided the lion's share of new flats in recent years.

Sales include:

A 1,264 sq ft unit at Festival City Phase 3, developed by Cheung Kong (Holdings), sold for HK$12.06 million, at HK$9,500 per square foot.

A 1,668 sq ft unit at The Wings, developed by Sun Hung Kai Properties, sold for HK$30.02 million, at HK$18,000 per square foot.

A 1,330 sq ft unit at LOHAS Park Phase ll C La Splendeur, developed by Cheung Kong (Holdings), sold for HK$8.9 million, at HK$6,700 per square foot.

A 999 sq ft unit at Lake Silver, developed by Sino Group, sold for HK$7.38 million, at HK$7,400 per square foot.