Update on up-and-coming Tung Chung area

We had a look at this propery two days back and found it is ok. We intended to use for own residence as we rent apt in island at about 14000 per month. But we see a problem with kids education as we have two kids studying at the moment. I heard there is a lack of school facilities there.

drbubb, i don't suppose you know what they are building on that huge grassy knoll in front og CC, CS & SC do you? it didn't take the diggers very long to get rid of all that greenery

what is the forecast on prices in tung chung area? seems like prices are already peaking in developments like carribean coast (?)

How cheap it was !


Some of those ideas about developing Lantau and Tung Chung seem to be happening now


ILLUSTRATIVE CALCULATION : Caribbean Coast, small 3BR of 1,000 sf, about 840 sf net:


Approx Price : HK$ 2,600,000


That's: $2,600 psf Gross, $3,095, Net

(A conversation from AX's Main property thread)


"TKT is and will be the hub for mainlanders.."


(I suppose that is because of the XRL connection to mainland China - it will bring in mostly mainland folk, obviously)


I would agree with you, apart from two important things:


+ TKT will continue to have a closer connection to the airport - where virtually all of the foreign people coming to HK enter the SAR, and


+ The West Kowloon Cultural Center (WKCC) when it is finished, will attract international artists, and performers, and will also capture an international audience from all parts of HK. I can see many of those creative people preferring to live in Kowloon station, TKT, Nam Cheong or other places along the TC line (Tung Chung?) rather than Mid-Levels, ... on the "back side" of Hong Kong (haha - just kidding with that name - It will continue to be a popular place to live, but not for everyone.)