Buying a property is one of the major investments to make in a lifetime. In fact, apart from the price, there are other factors that need to be considered such as the location, community, and environment. In short, investing in a high-yield area, you can enjoy advanced and efficient infrastructure and comfortable living environment. On the Hong Kong island, there is the mid-level area, while on Kowloon peninsula, it is Kowloon Tong, the low-density area.
Kowloon Tong is a traditional luxury property district. It is characterized by its rarity in supply and firm price. In the last three months, the luxury property market has been booming with increasing price and number of deals. However, most of the house owners in Kowloon Tong are not eager to put their property up for sale. The most recent deal has to date back to July. A house on the Begonia Road was sold at 130 million, where the cost is HK$ 40,000 per square foot.
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The biggest draw of Kowloon Tong is largely on its school network. The district, a favorite of many parents, not only offers tranquil living spaces but also a splendid school network. It belongs to the 41 primary school net and to Kowloon City district in terms of secondary school net. A number of famous schools are located in the area including Diocesan Preparatory School, La Salle Primary School, Kowloon Tong Government Primary School, Bishop Walsh Primary School and Kowloon School (Primary Section), La Salle College, Maryknoll Convent School and Holly Family Canossian School (Kowloon Tong). As the last three schools also run their own secondary schools, the chances of promoting to the same secondary school are high.
There are also a number of traditional elite schools in the area. Located next to the Kowloon Tong railway station, founded in 1932, Yew Chung International School Hong Kong offers bi-lingual curriculum for its kindergarten, primary and secondary sections, and courses of International General Certificate of Secondary Education (IGCSE) and International Baccalaureate (IB). Annual school fee ranges from HK$ 170,000 to 190,000. The secondary section requires parents to purchase their bonds. Founded in 1970, located on 4 Norfolk Road, St Catherine’s International Kindergarten charges about HK$75,000 annually for their school fee.
Eden Gate by Chinachem Group
Located on No 5,7,9 and 11 Ede Road, Eden Gate is about to complete. It is a mixed development of two apartment buildings and three villas with individual street numbers, offering 47 units in total. It is mainly composed of spacious flats while those on the upper floors can enjoy commanding views of Kowloon Tong. The 5,901-square-feet clubhouse features an outdoor swimming pool, fitness center, music room, dance room and game room.
One Mayfair by Sino Group
Located at No 1 Broadcast Drive, One Mayfair, which was completed in 2011, is the most popular luxury homes in the district. It is composed of six 10-floor tall buildings with two units on each floor, offering 120 units in total. There are 96 standard homes in about 1,000 square feet and, 23 homes with special features in more than 2,300 square feet. Since the buildings are arranged in a line, so that each home can enjoy open views.
Parc Oasis by Wheelock and Sino Group
Parc Oasis, composed of 32 blocks of buildings, was developed some 21 to 24 years ago in various phases. It is close to Festival Walk and a few minutes walk away from the railway station, bus stop, minibus stop, and taxi stand. The clubhouse features facilities such as tennis courts, a fitness room, and a swimming pool.