2024-01-20 02:28:43
In the late 1980s, the British Hong Kong government proposed the “Hong Kong Airport Core Plan”. In order to cooperate with the development of Chek Lap Kok Airport, land reclamation was carried out in the west of Kowloon and in the central area of Hong Kong Island to build roads and railways connecting to the new airport, as well as for other development purposes. Among them, the reclamation project in West Kowloon is the largest, spanning Yau Tsim Mong District and Sham Shui Po District. Located in the west of Tai Kok Tsui, the Olympic Station area along the Tung Chung Line is one of the newly reclaimed areas. Due to the advantage of the MTR, it only takes 7 minutes to go from Hong Kong Station to the Central Business District. You can transfer to the Airport Express, Tsuen Wan Line and Tuen Ma Line along the line. In addition, the facilities are complete and mature, including large shopping malls. Developers are building mid- to high-priced housing estates here, attracting many middle-class people to live there. There are currently regarding 9 housing estates here, and the buildings are regarding 12 to 23 years old. The average second-hand price per square foot last month ranged from approximately NT$16,900 to approximately NT$26,900. Among them, Victoria Harbor, Parkview Bay, and Parkview Bay in the second phase of development are the closest to the MTR Olympic Station and shopping malls. They are collectively known as the “Three Treasures of the Olympics”.
The first listing we visited was located in Victoria Harbor. It was the earliest housing estate completed and was located next to the first phase of Olympian City.
The first listing we visited was located in Victoria Harbor. It was the earliest housing estate completed and was located next to the first phase of Olympian City. It is jointly developed by Sino, Kerry, BOC Hong Kong and MTR Corporation, and has been occupied since 2000. The properties in Tower 9 are arranged in a V shape. Originally, most of the units might enjoy open sea views. However, with the subsequent completion of Long Cheng Bay, One Galaxy and Long Seng, the number of sea view units has been significantly reduced. Victoria Harbor provides approximately 2,300 units. Standard units range from two- to three-bedroom suites with workers’ suites, and there are also connected and duplex specialty units, with usable areas ranging from 457 to 1,891 square feet. The listing is from Unit E in Tower 5, with a usable area of 602 square feet. The owner is currently asking for NT$11.5 million, which is equivalent to a price per square foot of regarding NT$19,000.
The listing is from Unit E in Tower 5, with a usable area of 602 square feet. The owner is currently asking for NT$11.5 million, which is equivalent to a price per square foot of regarding NT$19,000.
As soon as you enter the unit, there is a slightly shorter corridor, which feels quite small. However, if you want to place a shoe cabinet, you can only place it in the rear position. Now this shoe cabinet is slightly larger and will be bumped when the door is opened. The living and dining room is in the layout of a Japanese-style living room, with the left and right rooms clearly defined. It seems quite practical, with an area of regarding 150 square feet. However, the bottom of the building is shorter, regarding 2.6 meters. To the east of the unit, you will see the residents’ clubhouse, Olympian City and HSBC Center in the distance. Since the buildings in front are all relatively short, even if you see other buildings in the same housing estate at the same time, you won’t feel too oppressed. The owner placed the TV cabinet on a wall close to the door, but when he sat on the sofa, he might see that it faced the bathroom of the unit next door. Assuming that you borrow up to 80% of the mortgage, the monthly payment will be approximately NT$45,000. To pass the stress test, the monthly income must be approximately 94,100 yuan.
The second listing is located in Parkview Bay. It is located on top of Olympian City Phase 2 together with Parkview Bay in Phase 2, enjoying the advantages of convenient transportation and supporting facilities.
The second listing is located in Parkview Bay. It is located on top of Olympian City Phase 2 together with Parkview Bay in Phase 2, enjoying the advantages of convenient transportation and supporting facilities. Parkview Bay has 5 blocks, providing 1,592 units, which also cover two- to three-bedroom suites with workers’ suites, and also have connected and duplex units, with usable areas ranging from 449 to 1,970 square feet. Since there are no other housing estates blocking the front, or the buildings are relatively short, most units can enjoy unobstructed sea views. The listing is located in Room B on the middle floor of Block 10. It is the largest standard unit in Parkview Bay, with a usable area of 848 square feet. The owner’s current asking price is NT$18 million, and the price per square foot is regarding NT$21,000.
The listing is located in Room B on the middle floor of Block 10. It is the largest standard unit in Parkview Bay, with a usable area of 848 square feet. The owner’s current asking price is NT$18 million, and the price per square foot is regarding NT$21,000.
This unit does not have an entrance hall, but there is a small slanted wall that can just fit a shoe cabinet, making it possible to create an entrance space in disguise. However, if you take away this sloping wall and walk into the living and dining room, it is very square and spacious, which is quite practical. However, the bottom of the building is also not high, almost the same as Victoria Harbor. The living and dining room is regarding 240 square feet. After cabinets are built in the dining room, a dining table for at least six people can be placed. This unit faces southwest, facing the sea view of Fu Wing Garden, the Red Cross Headquarters and the Typhoon Shelter. Because the master suite is twisted to the west and has a large curved window, it can have a 180-degree view of the typhoon shelter and the sea. Assuming that the maximum mortgage loan amount is 80%, the monthly payment will be approximately NT$61,200. A monthly income of approximately 120,000 yuan is required to pass the stress test.
Further reading:
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