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.