Tsim Sha Tsui — A combination of geographical advantages

Victoria Harbour

Nobody will dispute that Tsim Sha Tsui is one of the best located neighbourhoods in Hong Kong. The core project in the area, the Guangzhou-Shenzhen-Hong Kong Express Rail Link, which starts its route from the West Kowloon Reclamation, has a hefty price tag of HKD$85.3 billion. Even the 69-meter footbridge that connects the MTR Kowloon Station with the West Kowloon Cultural District is estimated to cost HKD$350 million. Though detractors likens the project to a white elephant, but from a pure investment aspect, the express rail—expected to be completed by next year—can greatly enhance the connectivity between Hong Kong and developing countries involved in China’s ambitious Belt and Road Initiative, hence bringing brand new economic opportunities. Upon the rail link’s completion, it will only take 50 minutes to travel from the West Kowloon Terminus to Guangzhou, and Beijing is only a 10-hour train ride away—commute between Hong Kong and the Mainland has never been so easy.

It is an infrastructure project of monumental scale that will help Hong Kong maintain its competitive position, and has already boosted the property market in Tsim Sha Tsui and West Kowloon. President of Many Wells Property Agents Ltd, Lawrence Wong, wrote in his opinion piece,“The Real Estate Opportunities Brought by the Belt and Road Initiative”, published on Ta Kung Pao on May 17—“The area surrounding Kowloon Station will be the Express Rail Terminus in the future, which will allow passengers to travel to Beijing in just 10 hours. The terminus area will become a convergence of money and talent, therefore home prices in the Kowloon Station area packs much more potential compared to the overall market.”

The continuous rising home prices have become a deterrent for many Hong Kong people to enter the market. Yet, housing records keep getting broken at the same time. Recently, renowned economist and former World Bank advisor Larry Hsien Ping Lang spent HKD$87 million on a high-level E unit in The Masterpiece, a luxury building in Tsim Sha Tsui by New World Development. With a saleable area of 2,259 square feet, the unit boasts a per-square-foot price of HKD$38,500. Despite intrepid buyers making big purchases, KC Chan, Secretary for Financial Services and the Treasury, warned homebuyers to exercise caution as the property market is getting increasingly risky. It is also worth mentioning that the Kowloon Station area took a huge hit during the 2009 Financial Crisis, when property prices in the area dropped by a staggering 50%.

>> More on Tsim Sha Tsui: Finding paradise in Tsim Sha Tsui

Selected properties

The Sorrento

Located on 1 Austin Road West, right on top of Kowloon Station, The Sorrento was completed in 2003 and is comprised of five buildings with a total of 2,126 units. It offers two- to four-bedroom flats with saleable areas ranging from 620 to 1,403 square feet, as well as some duplexes measuring at over 2,000 square feet. A high-level C unit in Block 5, with three bedrooms, a saleable area of 781 square feet, sea view and garden view, was sold at HKD$20.58 million, or HKD$26,350 per square foot.

The Arch

Situated on top of Kowloon Station, The Arch was built in 2006 and constitutes four blocks, offering a total of 1,054 units, measuring at 505 to 5,497 square feet. Over 60% of them are three-bedroom flats, while there are also some one-bedroom units on offer. A mid-level C unit with a saleable area of 420 square feet was recently recorded selling at HKD$12.6 million, or HKD$30,000 per square foot.

The Waterfront

One of the earliest estates built on top of Kowloon Station, The Waterfront entered the market in 2000, comprised of six blocks. It offers 1,288 two- to four-bedroom units measuring at 650 to 1,220 square feet, and selling at lower prices compared to neighbouring properties. A low-level B unit in Block 5, with a saleable are of 930 square feet, was sold as HKD$19.3 million, or HKD$20,000 per square foot, recently.

>> More new developments at Tsim Sha Tsui

Things to know before moving into Tsim Sha Tsui:


Roadblocks and noise level

The neighbourhood is currently hosting several large construction projects, including the West Kowloon Terminus, the expansion of Avenue of Stars and the revamp of Hong Kong Museum of Art. Therefore, roadblocks are common in the area and the noise level can get loud during construction times.

Light pollution

The countless street lamps and large billboards in Tsim Sha Tsui make its signature metropolitan glamour but also brings severe light pollution. According to statistics from the Hong Kong Night Sky Brightness Monitoring Network, the night sky brightness of Tsim Sha Tsui exceeds the international standard by 1,200 times.

School net

The district belongs to primary school net 31, which includes Diocesan Girls' Junior School, St. Mary's Canossian School and Yaumati Catholic Primary School. Its secondary school net belongs to Yau Tsim Mong district, with schools such as Diocesan Girls' School, St. Mary's Canossian College and Wah Yan College, Kowloon.

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