In a tranquil setting in urban Kowloon, low-rise apartments and houses at Yau Yat Chuen are always popular with homebuyers, especially families looking for more space and comfort.
Bob Chan Siu-fan, associate for the Kowloon residential division at Savills, says Yau Yat Chuen has been long established as a high-end residential area with a selection of luxury homes.
'It is an attractive place to live and a relatively quiet neighbourhood. There is a good mix of residents including retirees. You will find university professors living there as City University is within the district,' he says.
'Kowloon Tong MTR station and Festival Walk shopping mall are also very near.'
Yau Yat Chuen has been subject to strict building-height restrictions, making it one of the few low-rise areas of central Kowloon. With its low-density living environment, the area has some of the most exclusive and expensive properties in Kowloon.
The low-rise luxury homes are mainly along Tat Chee Avenue, the main artery, and on a grid of small streets. The two biggest projects are Parc Oasis, built in the 1990s, and Village Gardens, completed in the 1980s.
A three-bedroom apartment in Fairview House on 6 Peony Road is for sale. The 1,550 sqft ground-floor flat comes with a garden of about 400 sqft and has an asking price of HK$18.5 million, or about HK$11,935 per square foot.
