Invest(#) for the future with a family house at IL PICCO in Discovery Bay
[Sponsored Article]
The coronavirus pandemic has changed the way of life for many, with discerning investors seeking low-density, upscale homes where the family can live a healthy lifestyle away from the city’s hustle and bustle.
Exalted living on the peak
IL PICCO, Hong Kong Resort Company Limited’s new sea-view1 garden house project perched on Discovery Bay’s peak on Lantau Island, ticks all the boxes for a green, stylish, distinctive and eco-friendly living experience.
The 21 luxurious two-storey detached houses with a saleable area of 2,023 or 2,171 square feet2 come with an extensive garden and a private roof, plus a private swimming pool3 in selective ones. Double doors and a private entrance further enhance security and privacy levels prized by many homeowners.
Most of the houses feature four ensuite bedrooms4, with a few offering three ensuites4 and a family room3 in addition to spacious living and dining rooms, giving the family an ideal setting to work or study from home.
A sweeping seascape of tranquil Discovery Bay and beyond to the iconic Victoria Harbour gateway formed by ifc and ICC, and the spectacular coastline from Central to Island South set the spirit soaring.1
A stone’s throw away, the magnificent greens and lush fairways of the 27-hole course at Discovery Bay Golf Club6 soothe the senses with its calming and inspiring environment.
The lure of Discovery Bay
Covering about 650 hectares, of which two thirds are greenery7, Discovery Bay has lured many who aspire for European-style coastal living to take up residence there. A rare and quality international community, with 40 per cent of the residents non-Chinese, and half of the community speaking English and other foreign languages8, thrives in this unique, resort-style bay.
The living is easy here as residents enjoy watersports at the 400m private Tai Pak Beach9 and fine international cuisine at the adjacent al-fresco dining hot spot D’Deck9. Recreational activities are comprehensive at the well-equipped Club Siena and Discovery Bay Recreation Club10. The new DB Ice Rink9, Hong Kong’s largest international-standard ice rink, is perfect for discovering magical moments on the ice. For the boating fraternity, the 148-berth, state-of-the-art Lantau Yacht Club6 opened in September 2020 is the first and only marina in Hong Kong that can cater to superyachts up to around 100 metres11. Yacht owners can make a quick getaway to the beautiful waters of Hong Kong or explore China.
Quality education is an important consideration for families. There are international schools, including the English Schools Foundation’s Discovery College9 with its award-winning contemporary campus12 and the Discovery Bay International School9 in Discovery Bay. The local SKH Wei Lun Primary School9 belongs to the highly sought after Central and Western District’s Secondary School Net. Adding Discovery Montessori Academy, Sunshine House Kindergarten and Discovery Mind Kindergarten9 to the mix, parents have their kids’ education needs covered up to Year 1312.
An extensive transportation network connects Discovery Bay rapidly to the rest of Hong Kong. The options range from 25-minute13 high-speed ferries to Central, and shuttle buses to Sunny Bay and Tung Chung MTR stations9, while it only takes 15-minutes’ travelling time13 to reach the airport9.
Double gateway to the Greater Bay Area and beyond
Lantau Island’s strategic location got a boost in 2018 with the Hong Kong-Zhuhai-Macao Bridge opening, which shortened the travelling time to Zhuhai to just 40 minutes14 by car. This enabled Hong Kong to become the hub of a ‘One-hour Intercity Traffic Circle’ 15 within the Pearl River Delta and a ‘Double Gateway’ to the Greater Bay Area and the world.15
Meanwhile, the Hong Kong International Airport is developing as an Aerotropolis, with the upcoming launch of its Three-runway System and SKYCITY development.16
Furthermore, the government’s proposed Lantau Tomorrow Vision16 will see a ramping up of the island’s infrastructure, creating Hong Kong’s third Core Business District16 and a regional economic powerhouse17. Discovery Bay, situated on eastern Lantau Island, will benefit enormously from its geographical advantage and the economic opportunities.17
Taking these developments into account, the investment potential for IL PICCO is predicted to appreciate#. In 2020, House 3 was sold through tender for HK$55.228 million, equivalent to around HK$27,300 per square foot of saleable area18 and demonstrating its value.
Exclusive privileges for homeowners
Return on investment aside, IL PICCO homeowners can also enjoy a range of exclusive benefits that befit their status. A complimentary golf cart20 and a special membership19 to the Discovery Bay Golf Club6 and the Auberge Discovery Bay Hotel come with the purchase.
With its idyllic setting close to nature, space and amenities, IL PICCO offers ‘country living’ with the best in comforts and convenience without being cut off from the city’s buzz. It pays for potential buyers to invest# in a house here to build a healthy and prosperous future for their families.
Name of Street at which the Phase is situated and Street Number: 28 Discovery Valley Road
The address of the website designated by the Vendor for the Phase for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance: www.ilpicco.com.hk
The photographs, images, drawings or sketches shown in this advertisement/promotional material represent an artist’s impression of the development concerned only. They are not drawn to scale and/or may have been edited and processed with computerized imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the development. The Vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.
B. The photo was taken at Discovery College on 30 November 2020 and was not taken at the Phase or any part thereof or related to the Phase. The photo does not represent the view or surrounding buildings, facilities or environment of the Phase when completed.
C. The photo was taken at Discovery Bay Golf Club on 29 November 2018 and was not taken at the Phase or any part thereof or related to the Phase. The photo does not represent the view or surrounding buildings, facilities or environment of the Phase when completed.
# Property investment involves risks, and property prices may fluctuate. Prospective purchasers are advised to consult independent professional advisers before making any property investment or decision. Prospective purchasers should not based on or affected by any content, information or concept of this advertisement/promotional material for his/her decisions on purchasing or when to purchase any residential property.
1. The view as stated may not be applicable to all residential properties. View from a residential property would be affected by orientation, floor level, height and surrounding buildings, facilities and environment. There will be other buildings and/or facilities constructed and/or to be constructed surrounding the Phase, including a public recreation facilities centre, and the surrounding buildings, facilities and environment of the Phase may change from time to time. The Vendor gives no offer, undertaking, representation or warranty, whether express or implied. The Vendor advises prospective purchasers to conduct an on-site visit for a better understanding of the development site, its surrounding environment and the public facilities nearby.
2. The saleable area (including balcony, utility platform and verandah (if any)) is calculated in accordance with Section 8 of the Residential Properties (First-hand Sales) Ordinance. The saleable area excludes the area of every one of the items specified in Part 1 of Schedule 2 of the Residential Properties (First-hand Sales) Ordinance. The area of garden, flat roof and roof is calculated in accordance with Part 2 of Schedule 2 to the Residential Properties (First-hand Sales) Ordinance. The stated areas in square feet have been converted from square metres based on a conversion rate of 1 square metre = 10.764 square feet and rounded off to the nearest integer. The area of gardens includes swimming pool and filtration pit (if any). Please refer to the sales brochure for details.
3. Applicable to certain residential properties only. For details, please refer to the sales brochure.
4.The Vendor reserves the right to make alterations to the building plans and to amend the Phase or the residential units, its/their flat-mix, house numbering, partitioning, size, facilities, or the layout, design or the use of any part thereof. All the information and building plans of the Phase shall be subject to the final plans approved by the relevant Government authorities and the provisions of the agreement for sale and purchase.
5. Floor-to-floor height of residential property refers to the height between the top surface of structural slab of a floor and the top surface of the structural slab of its immediate upper floor.
6. Both Discovery Bay Golf Club (“Golf Club”) and Lantau Yacht Club (“Yacht Club”) are independent from the Phase. Membership, the right to use and charging fees, etc. of Golf Club and Yacht Club are subject to their club rules prevailing from time to time. Nothing herein constitutes any offer, undertaking, representation or warranty on the part of the Vendor in respect of their provision, service hours, charges and other details. Yacht Club is presently under renovation and may still be under renovation when the Phase is completed. Its final design and commissioning date are subject to the final decision of Yacht Club. The Vendor gives no offer, undertaking, representation or warranty regarding these matters.
7. Source: HKRI website ( www.hkri.com) (Date of Retrieval: 10 February 2021).
8. Source: 2016 Population By-Census website ( www.bycensus2016.gov.hk) (Date of Retrieval: 10 February 2021).
9. The buildings, community facilities, environment, equipment, transportation, infrastructure and services as stated do not constitute part of the Phase, and are not related to the Phase. Nothing herein constitutes any offer, undertaking, representation or warranty on the part of the Vendor, whether express or implied. The provision and the schedule of the transportation are subject to actual condition and final decision of the relevant service providers. Nothing herein constitutes any offer, undertaking, representation or warranty on the part of the Vendor in respect of their provision, schedule, service hours, charges and other details.
10. The opening hours and the right to use the clubhouse (s) and/or recreational facilities are subject to the relevant laws, conditions of the land grant, the provisions of the deed or sub-deed of mutual covenants of the development and the Phase and actual conditions. Fees may be charged for the use of the clubhouse(s) or recreational facilities. The design, layout, partition, use and name of the clubhouse(s) and/or recreational facilities, and the details of the related services and their provisions are subject to the rules and regulations of the clubhouse(s), the arrangement and decision of the management company and/or the relevant service providers and may be changed and amended from time to time. Nothing herein constitutes any offer, undertaking, representation or warranty on the part of the Vendor in respect of their provision, service hours, charges and other details.
11. Source: Lantau Yacht Club website ( www.lantauyachtclub.com) (Date of Retrieval: 10 February 2021).
12. Source: Discovery College website ( www.discovery.edu.hk) (Date of Retrieval: 10 February 2021).
13. Source: HKeMobility website ( www.hkemobility.gov.hk) (Date of Retrieval: 10 February 2021).
14. Source: Hong Kong-Zhuhai-Macao Bridge website ( www.hzmb.gov.hk) (Date of Retrieval: 10 February 2021).
15. Source: Development and Conservation of Lantau website ( www.lantau.gov.hk) (Date of Retrieval: 10 February 2021).
16. Source: 2018 Policy Address website ( www.policyaddress.gov.hk/2018) (Date of Retrieval: 10 February 2021).
17. The development plan(s) of Lantau Tomorrow Vision referred to are still under consideration and/or government planning. The final plan, design, completion and commissioning date and/or whether or not the proposed infrastructure/facilities will be developed are subject to the final announcement of the relevant government authorities. The Vendor does not give and will not give any offer, undertaking, representation or warranty, whether express or implied, as regards whether or not the relevant infrastructure/facilities will be provided, completed and/or as regards their final plan, design, completion or commissioning date etc.
18. Please refer to the register of transactions for details.
19. After paying the relevant annual fees and additional fees (if applicable), the Purchaser can acquire the membership of an “Auberge World of Hospitality – IL PICCO Members” (“the membership”) and enjoy the designated facilities and discounts provided/offered by Golf Club and Auberge Discovery Bay Hong Kong (“Hotel”). The membership is provided by Golf Club and Hotel and is subject to the rules and regulations of Golf Club and Hotel. Nothing herein constitutes any offer, undertaking, representation or warranty on the part of the Vendor in respect of the terms and conditions of the membership and/or whether the application is approved or not.
20. The golf cart offered by the Vendor shall be a second-hand golf cart. The Vendor does not make any warranty or representation regarding its condition or suitability. The Vendor reserves its right to change the type, quantity and/or gift conditions of any gifts or benefits from time to time. For details, please refer to the sales arrangements and sales documents announced by the Vendor from time to time. Nothing herein constitutes any offer, undertaking, representation or warranty, whether express or implied, by the Vendor.
Name of the Phase of the Development: IL PICCO (Phase 18 on Area 2a (Portion) of the development of Discovery Bay City) (“the Phase”) | To the best of the Vendor’s knowledge, the estimated material date for the Phase: 30 April 2022 (“Material date” means the date on which the conditions of the land grant are complied with in respect of the Phase. The estimated material date is subject to any extension of time that is permitted under the agreement for sale and purchase.) | Vendor: Hong Kong Resort Company Limited | Person engaged by the Vendor to co-ordinate and supervise the process of designing, planning, constructing, fitting out, completing and marketing the Phase: HKR International Limited | Holding Companies of Hong Kong Resort Company Limited: Brentall Investments Limited, HK Resort International Limited and HKR International Limited | Holding Companies of HKR International Limited: Not Applicable | Authorized Person of the Phase and the firm or corporation of which the Authorized Person is a proprietor, director or employee in his professional capacity: Mr. Choy Ka Hung of SPIRAL Architectural Design Limited | Building Contractor for the Phase: Kin Shing (Leung’s) General Contractors Limited | The firm of solicitors acting for the owner in relation to the sale of residential properties in the Phase: Woo Kwan Lee & Lo | Authorized institution that has made a loan, or has undertaken to provide finance, for the construction of the Phase: Hang Seng Bank Limited | Any other person who has made a loan for the construction of the Phase: Brentall Investments Limited and Baylink Investments Limited | This advertisement is published by the Vendor. | This advertisement/promotional material shall not constitute or be construed as constituting any offer, undertaking, representation or warranty, whether express or implied, by the Vendor. The Vendor is not seeking any general expression of intent or specific expression of intent on any property in the Phase. | Prospective purchasers are advised to refer to the sales brochure for any information on the Phase. | Please refer to the sales brochure for details. | Date of printing: 25 March 2021
