The Golden Circle

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



Welcome to the Golden Circle, the cluster of modern high-rise apartments in West Kowloon and Tsim Sha Tsui, next to the West Kowloon Cultural Centre.

Just 21 minutes from the airport, and with the Express Rail Link Terminal due to go into operation in three years' time, the Golden Circle is destined to become Hong Kong's gateway to the mainland.

'The properties above Kowloon station have supplied many high-quality customers. Investors would prefer buying smaller units'

Victor Tin, general manager, sales department, Sino Land

The Golden Circle, a term used in the property industry to describe real estate in West Kowloon and Tsim Sha Tsui, borders Central to the south, the West Kowloon Cultural District to the west, Olympic station to the north, and Tsim Sha Tsui East to the east. Property prices in this area have outperformed the market in recent years.

Recent transactions include:

A 2,052 sqft unit at The Coronation, developed by Sino Group, sold for HK$35.25 million, at HK$17,200 per sqft.

A 2,070 sqft unit at The Cullinan, developed by Sun Hung Kai Properties, sold for HK$57.8 million, at HK$27,900 per sqft.

A 1,443 sqft unit at The Harbourside, developed by Hang Lung Properties, sold for HK$37.5 million, at HK$26,000 per sqft.

A 2,743 sqft unit at The Masterpiece, developed by New World Development, sold for HK$98.75 million, at HK$36,000 per sqft.