Although some seaside properties in the New Territories can be found in remote locations, most are built in clusters.
These areas include Tai Po and along the coastline of Tolo Harbour, such as Pak Shek Kok and Ma On Shan. Sai Kung has become a haven for classy houses, attracting locals and expatriates, while Discovery Bay provides resort-style living on Lantau Island.
The largest project by Tolo Harbour this year is Providence Bay, next to the Hong Kong Science Park, which provides 2,000 units. 'The project specialises in larger units to suit the needs of users and investors.
'We will put more units on the market this year, ' says Victor Tin, general manager of the sales department of Sino Land, one of the partners in the project.
'A lot of the buyers are industrialists and teaching and administrative staff from the Chinese University of Hong Kong,' says Patrick Chow, head of research at Ricacorp Properties.
Phase one comprises seven houses and 18 eight- to 10-storey apartment buildings. Apartment prices start from HK$8,000 per square foot, and houses HK$30,000 per square foot.
'Providence Bay at Pak Shek Kok, Tai Po, is an extraordinarily luxurious, waterfront, low-density residence, with a view of Tolo Harbour. It is set to enjoy the same success as Residence Bel-Air in Pok Fu Lam and become the benchmark of luxury homes in the New Territories,' Chow says.