When you type “Tung Chung” into Google image search, you are bound to find a mix of blue sea and green hills popping up on your screen. Tung Chung may have been a new residential area in North Lantau twenty years ago, but this district has much more to offer than you can imagine.
Location is king when it comes to investment. Tung Chung is cementing itself as the city’s major transportation hub with an established airport and imminent Hong Kong-Zhuhai-Macau Bridge (HZMB) as a gateway to neighboring regions and overseas countries. The other proposed large infrastructure projects include building a third runway, two additional MTR stations (Tung Chung East and Tung Chung West), and Tung Chung East reclamation. Consultation is underway for the three projects.
In this day and age, any development that harms the environment would often come with strong rejection. The proposed Tung Chung West reclamation was shelved earlier for fear that it might destroy the natural habitat of Tung Chung Bay and Tung Chung River. Having fewer lands to use, the development will weigh heavily on the eastern side of Tung Chung. The government is set to raise the development density of several areas to 6.5 times, as there will be an estimate of 140,000 people moving into Tung Chung. The increased population means a more extensive traffic network is required, which is why two more MTR stations – Tung Chung East and Tung Chung West – are expected to be part of the entire development in the area.
The government also proposes a third runway to strengthen Hong Kong International Airport as a leading aviation hub. Together with the upcoming HZMB Bridge to create greater synergy with the neighboring regions, East Lantau is going to be the next big thing in the city. It is no doubt that Tung Chung will reap the fruit of economic growth.
Economic activity aside, Tung Chung is close to many of the city’s famous tourist attractions, such as Tai O, Mui Wo and The Big Buddha. Dining and shopping are also something that cannot be missed in the neighborhood. Citygate offers a dazzling range of gourmet delights of different styles, whether it is Chinese, Western, Japanese or Korean – you name it, you have it. The mall also earns the credit as being the only outlet shopping mall in Hong Kong. Avid shoppers will definitely know what to do next after a scrumptious meal – other than helping the economy, shopping makes people so happy that they almost forget about the passing time. If all of a sudden you find your children bored by the long hours of shopping, you can take them out to the musical water fountain next to the mall. They will love running around the beautiful water beams as they bounce up and down out of the floor.
If you ever take a look at Tung Chung’s residential market, you will notice that a lot of the residential property names are associated with coastal living, such as Coastal Skyline and Caribbean Coast. This neighborhood will be your cup of tea if you enjoy an idyllic setting with great potential value. However, you still need to take the good with the bad. Since Tung Chung is notorious for its high consumer prices (be it daily necessities or transport costs), it’s up in the air whether the traffic infrastructure will be able to sustain the population growth in the future.