Hong Kong seems to have grown bigger over the last few years now that both sides of Victoria Harbour – Hong Kong Island and Kowloon, on the Asian mainland – play host to prime commercial real estate. No worries about transportation. With arguably the best transport system in the world – buses, trains, boats, ferries, taxis and private automobiles – Hong Kong offers many options.
Like their commercial counterparts,the number of Hong Kong districts showcasing premiere residential properties seem to have grown in the last few years. The most exclusive and convenient areas to the city are still located on Hong Kong Island but now you can find spacious, well-appointed apartments and excellent services also in Kowloon and Discovery Bay on Lantau Island.
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Residential Neighborhoods |
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| Commercial Districts | On Hong Kong Island In Kowloon |
Residential Neighborhoods on Hong Kong Island:
The Peak – This is Hong Kong’s most exclusive address, the top of the world literally (or at least the top of Hong Kong Island). Its detached individual homes and spacious low-rise apartments offer magnificent views of Victoria Harbour or cozy views of rolling fog, sometimes in the same hour. Popular with foreigners, The Peak is conveniently located to both the French and German Swiss international schools, first-rate hospitals, shopping, restaurants and plenty of buses and cabs.
Mid-levels – For professionals, this is Hong Kong’s most popular neighborhood, located on the north side of the island and about halfway up the hill from Victoria Harbour. Like The Peak, Mid-levels is convenient to all first-class amenities such as restaurants, shopping, international schools, hospitals, etc. Besides good public transportation, the area boasts the landmark, half-mile long Mid-levels Escalator, which carries residents up the mountain in the evening – and down in the morning.
Shouson Hill & Deep Water Bay – These exclusive, low- rise districts are located on the south side of the island, about a 20-minute drive to Central. Shouson Hill apartments, spacious and quiet, tend to have lush green views. Deep Water Bay’s rare (and expensive) detached homes and townhouses offer superb ocean views. Both neighborhoods are relatively close to international schools and decent shopping. They’re practically next door to some of Hong Kong’s finest golf, cricket and yachting clubs.
Repulse Bay – This up-scale neighborhood mixes low- and high-rise luxury apartments with spectacular, panoramic sea views. Because of its low-density and easy access to one of Hong Kong’s most popular beaches, the area is a big hit with foreign families. Only a 30-minute drive to Central, Repulse Bay is also close to the American-curriculum Hong Kong International School, the private American Club and international supermarkets.
For more detailed information on living in Hong Kong, please see Fodor’s Hong Kong or contact us directly at info@asiapacificproperties.com
Residential Neighborhoods in Kowloon:
West Kowloon – This is one of Hong Kong’s newest up-market residential districts, matching the convenience, amenities and spectacular harbor views once available only to residents of Hong Kong Island. Located to the immediate west of bustling Tsim Sha Tsui or TST, the area is close to Hong Kong’s best museums, a cultural center, many of the city’s finest restaurants and easy public transportation via rail, bus and ferry.
Kowloon Tong – During the hey-day of the colonial era, many wealthy British families chose to live on the quiet, tree-lined streets of this neighborhood where, until recently, grand, single-family detached homes were the norm. They still exist but many now have been torn down to make way for newer, large residential complexes. International schools are plentiful here, from pre-school up, as are dance, music and martial-arts academies. Quality shopping and transportation are readily available.
For more detailed information on living in Hong Kong, please see Fodor’s Hong Kong or contact us directly at info@asiapacificproperties.com
Residential Neighborhoods on Lantau Island:
Discovery Bay – Conceived in the mid 1970s as a public holiday resort, this pretty, secluded area on Lantau Island, near Hong Kong Disneyland, was transformed in the early 1980s into a private, self-contained residential development, known simply as DB. Spanning 6.5 square kilometers, it’s popular with foreign residents – especially families and pets – and currently home to about 15,000 people. DB housing options range from spacious, semi-detached garden houses to high-rise apartments with panoramic sea views. Sophisticated harbor-side restaurants offer a plethora of al fresco dining choices and ferry transportation to Hong Kong Island is convenient. Though private cars are not permitted in DB, mini-buses operate within the enclave and larger buses ply the road between DB and Tung Chung, the nearest development where you can board the subway for a 25-minute ride to Central or a 10-minute bus ride to the airport.
For more detailed information on living in Hong Kong, please see Fodor’s Hong Kong or contact us directly at info@asiapacificproperties.com
Commercial Districts on the Hong Kong Island side:
Central – This is the premiere financial district, the preferred location of numerous multinationals in finance, legal and other high-profile service industries. The commercial space here is the most expensive in the city though the price range varies given the abundant supply; 30 percent of Hong Kong’s total office space, in fact, is in Central. The district is home to numerous world-class office and retail complexes including Exchange Square, Landmark and the latest International Finance Center or IFC, the city’s tallest building. Two smaller neighboring districts, Sheung Wan and Admiralty, are also considered part of Central.
Wan Chai and Causeway Bay—These districts east of Central are famous for shopping, restaurants and a general frenzied buzz. They’re also home to about 18 percent of the total office supply. Wan Chai boasts the city’s main trade-exhibition and conference center and one of the city’s grand five-star hotels, the Grand Hyatt. Causeway Bay showcases several prominent mixed-use office and retail complexes such as Times Square and Lee Gardens. Rents typically are lower here than in Central’s core and public transportation is good with a steady stream of buses, trams and subway trains going in and out.
Quarry Bay – Further east of Central, about 20 minutes by car, this area features Hong Kong’s newest business district claiming nearly 10 percent of total office supply. Called Tai Koo Place, the complex consists of a series of handsome high-rise, well-maintained buildings dominated by a single landlord. Though construction and management standards are high here, access to commensurate shopping malls, restaurants and hotels lags behind prime districts such as a Causeway Bay and Central.
For more detailed information on working in Hong Kong, please see Fodor’s Hong Kong or contact us directly at info@asiapacificproperties.com
Commercial Districts on the Kowloon side:
Tsim Sha Tsui – This district, commonly known by its acronym, TST, has been home historically to many industries involved in apparel and toy manufacturing. In recent years, most have relocated their production facilities to mainland China but left their headquarters in place. With close to 15 percent of total office supply and convenient access to both Central and the ferry to mainland China, TST rental rates are comparable to those in Causeway Bay. The area is full of good business amenities such as restaurants, hotels, shopping, etc.
Kowloon West – To the immediate west of TST, this area is a fast-emerging business center attracting premiere financial institutions from the Central district and new branches of luxury retailers. The area’s soon-to-be landmark, the International Commerce Center, is scheduled for completion in 2010 when it will also become Hong Kong’s tallest building. A host of nearby, luxury residential developments and the new up-market Elements shopping mall have already opened their doors.
Kowloon East – This old industrial district, located near Hong Kong’s former Kai Tak Airport, is currently being transformed into another Kowloon commercial center. When complete in late 2008, the area will tout 5 million square feet of new office space at highly competitive rates. Megabox, one of the city’s newest and largest shopping malls, is close by.
For more detailed information on working in Hong Kong, please see Fodor’s Hong Kong or contact us directly at info@asiapacificproperties.com
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