The name Happy Valley comes from a racecourse, which was built more than a century ago. In the early days of Hong Kong’s history, Happy Valley was a district inhabited by senior government officials and the rich, so logically, it has become one of the traditional luxury residential areas in Hong Kong. Although there is a lack of mountain and sea views, residents can enjoy green views of the racecourse. In addition, with its proximity to the bustling Causeway Bay and its belonging to the Wan Chai school list, its luxury homes are among the most popular.
>> Related Article: Happy Valley Street Life – A Valley of Happiness
Midland Realty’s senior district director Bonnie Ho said the number of registrations for new and used properties of Happy Valley/Mid Level East was 130 in the third quarter. The number was the highest in the past four quarters and was also the second consecutive month that a growth in numbers had been recorded. In September, Happy Valley and Mid Level East’s flat inspection rate increased by 30%. Midland Realty expects that in the second half of the year, the luxury homes market will continue to prevail and the total sales value of Mid-Level East will reach more than $10 billion.
Exclusive and Rare
Regent Hill by Circle Property Development, Pofield Holdings and Chun Mou Estate Agency
Located at the junction of Sing Woo Road and Luen Hing Street in Happy Valley, Regent Hill is jointly being developed by Circle Property Development, Pofield Holdings and Chun Mou Estate Agency, providing 82 units, including small to medium flats and a duplex. The façade and interiors are designed by the award-winning P&T Group with rare facilities such as a clubhouse and swimming pool for a single private residential building. The building obtained the occupation permit at the beginning of this month and there are only 23 units left for sale.
Developed by Hopewell Holdings, Villa Lotto is located at No.18 Broadwood Road in Happy Valley and is one of the oldest residential developments in the district. It offers 351 units and the majority are three and four-bedroom design with a saleable area as high as 90%. In August, the estate recorded five deals in a row. The latest deal involved a flat 11 unit from the high zone in block D and the saleable area was 1116 square feet. It sold for $24.5 million and cost $22,000 per square foot.
Situated on Ventris Road, Ventris Place is a prestigious luxury residential property. The property has been standing in Happy Valley for 27 years and offers 186 units in total. The estate was built on higher ground so it captures a commanding view. Residents of Ventris Place enjoy a high degree of privacy because there are only two units on each floor. In June, a flat 3 unit from the middle zone in block B was rented out at $61,000 per month and the cost per square foot was $45.9. The saleable area of the flat is 1330 square feet with a layout of three bedrooms and a suite. The flat is newly renovated and enjoys the delightful views of the racecourse.
Developed by Sun Hung Kai Properties, the 14-year-old Leighton Hill on 2B Broadwood Road consists of eight towers and 522 units with sizes ranging from 1,206 to 2,238 square feet. Because the towers are lined up on high ground, residents can take in broad views of the racecourse and its surroundings.
The Altitude on 20 Shan Kwong Road is a newcomer to the luxury residential scene in the area. Completed merely five years ago, the complex contains a total of 126 units of mainly three-bedroom apartments. It features two penthouses with a private swimming pool. Clubhouse facilities include a gym, ball rooms and private spa.
Developed by Hopewell Holdings, the five-year-old Broadwood Twelve is a stand-alone building on Broadwood Road, providing some 76 units. With no more than two units per floor, all flats have adopted a three-bedroom layout with an en suite, up from 1,600 square feet each.
Circle Property’s Fortuna Court is a stand-alone residential building on 1 Wong Nai Chung Road, offering a total of 53 units with mainly two to three bedrooms each, with all apartments enjoying the desirable racecourse views. Apartment sizes vary from 705 to 1,051 square feet.
Facts about Happy Valley
A Hub of Elite Schools
Happy Valley belongs to the primary one admission school net 12 and to the Wan Chai school list for secondary school placement. There is the St Paul’s Primary Catholic School and the St. Paul’s Secondary School, Marymount Primary School, St. Francis’ Canossian College, Pun U Association Wah Yan Primary School and St Joseph’s Primary School, among others.
There is both racecourse and cemetery views from Happy Valley. A number of luxury homes are located within a kilometre of the cemetery. In terms of feng shui, the cemetery aggregates yin chi which is said to be a negative force in nature. If the unit faces southwest, west, and southeast, the yin force is significantly stronger because of a lack of sunshine.