MEI Foo Sun Chuen, one of Kowloon's first and oldest housing developments, is showing its stability as prices have dropped a mere 5.2 per cent since the beginning of the first quarter. According to the latest Brooke Hillier Parker (BHP) report, it was selling at $2,824 per square foot (psf) last December and is currently selling at $2,675 psf. ''The first phase of Mei Foo Sun Chuen's development was constructed about 20 years ago, and today it is showing its age,'' said Mr David Faulkner, a partner at BHP. ''However, it is still quite popular and investors can still rely on a good turnover. This is because, being an older development, it features larger and more spacious flats,'' he said. He said that in a city where flat sizes are rapidly shrinking, comfort and space often compensated for the disadvantage of age. ''Also, there's a good range of sizes, they run from about 1,000 to 2,000 square feet.'' With a 10.8 per cent price drop from its peak last June, Mr Faulkner said that it had not held as well as other developments, but that due to its favourable location and easy MTR access, it should continue to do well over the next five years.