Greenery, space and affordable prices are the main attractions Village houses in the New Territories have become a popular choice of accommodation for the younger generation, property agents said, noting a trend in recent years of young people looking for affordable prices and a better quality of life. But property agents do not think that opening up part of the restricted zone to the market would stimulate prices of properties near Hong Kong's northern border. 'It is unlikely to have a big impact on the property market in the New Territories - there is just too much supply there,' said Chris Wong Ho-chung, a director of Centaline Property Agency in the New Territories. The value of village house transactions in the first nine months of the year reached $2.03 billion on 1,616 deals, exceeding the $2 billion on 1,764 deals transacted for the whole of last year, according to statistics from Centaline Property Agency. In the third quarter alone, village house transactions jumped 36.5 per cent year on year to a total of 546 deals, with transaction value surging 54.5 per cent year on year to $680 million, the agency said. Tuen Mun, Yuen Long and Tai Po were the three most popular districts for village houses. The number of transactions in these areas surged between 30 per cent and 120 per cent. 'Village houses are a growing trend,' said senior property consultant Stella Yung Lai-wah of Century 21 Lung Sum Estate Agency in Sheung Shui. 'Many people like to have a green neighbourhood to get back to after a busy work day in the concrete jungle.' Young people seeking a healthier living environment were moving out of relatively small apartments in urban areas to village houses with private gardens in the New Territories. Depending on its location, a 700 sqft three-bedroom flat in a typical village house in the New Territories could cost from $800,000 to $2.6 million, agents said. The top floor flat usually included the rooftop, while the ground floor unit usually had a garden. A three-storey, 2,100 sqft village house usually sold for $2.5 million to $4.5 million, agents said. 'Five out of 10 village house seekers are in their 20s to 30s,' said senior sales manager Adrian Ng Chuk-yin of Must Rich Properties, in Fanling. 'Many buyers find that village houses offer more than just spacious living with a high efficiency rate. They can also enjoy relatively more freedom, like being able to keep a dog, a luxury that is often restricted in high-rise apartments.' Potential buyers of village houses are often concerned about lack of maintenance, illegal structures and unclear ownership. But Belinda Kong Sau-kuen, manager of Great Wall Property Agency in Tai Po, said buyers who checked the property deeds carefully should have no problems.