Property

Happiness in Happy Valley

Happy Valley

For many professionals working on Hong Kong Island, renting a place on the Island means saving commute time and enjoying the best that this metropolis has to offer. Working professionals prefer a neighbourhood that is within close vicinity to retail and food outlets, but also has a relatively peaceful atmosphere. 

Finding such a place can be a challenge. Being Hong Kong’s commercial centre, the Island is packed with people, traffic and high-rise buildings and lacks sereneness. The obvious choice would be Mid-levels or the southside of Hong Kong Island, but the expensive real estate prices and lack of diversity in properties make them less than suitable for professionals. If you are flat hunting along the MTR Island Line, it’s very possible that you will miss a great option: Happy Valley. 

Situated next to the grassy racecourse, Happy Valley is a laid-back neighbourhood with a variety of living facilities and an abundance of reputable schools, as well as being close to commercial areas and shopping destinations. Compared to the ever-busy Central, Wan Chai and Causeway Bay, it is quieter and more liveable. The district features a wide diversity of rental options, everything from old walk-ups (Nam Wing Building) and traditional low-density luxury homes (Blue Pool Garden), to large estates (The Leighton Hill) and the newly developed all-rental high-rises (Resiglow). Resiglow, in particular, designed by David Hoggard, design director of PDP London Hong Kong Studio, has attracted a large number of renters with its premium location, tranquil surroundings and tasteful décor. In addition, the developer is bringing in its own housing management service team to provide residents with a comprehensive array of services including receptionists, butler services and repair, making it a stand out in the rental market in Happy Valley. 

As home prices in Hong Kong have risen across the board in recent years, the gap between the rent on Hong Kong Island, Kowloon and New Territories have narrowed, resulting in an increased number of renters looking for units on the Island. The age of the building varies in Happy Valley and certain offerings may be cheaper because of poor conditions or a lack of facilities in the unit. Renters have to pay close attention to the age and quality of the properties. 

You might be interested in:
>> Living happy in Happy Valley
>> Happy Valley: a prime residential area

Selected properties

Resiglow

Newly completed this July, Resiglow was developed by Kerry Properties and provides housing management. As a standalone luxury apartment high-rise with a total area of 81,000 square feet, it is a rarity in the area with all units available for rent only. Located on 7A Shan Kwong Road, the 29-storey building has 104 two-bedroom flats and two special penthouse units, with saleable areas between 619 and 1,250 square feet. It is equipped with quality appliances and fixtures and has a clubhouse that has comprehensive facilities. It is also worth noting that Kerry Properties’ housing management services have been widely commended. 


Resiglow


Resiglow

The Leighton Hill

Located on 2B Broadwood Road, The Leighton Hill was developed in 2002. The largest luxury housing estate in Happy Valley, it comprises of eight blocks that form a line to allow every unit to have a racecourse view. The estate offers a total of 544 units with construction areas ranging from 1,206 to 2,238 square feet; there are also interconnected units available. According to statistics from Centaline Property Agency, a high-level C unit in Block 1, with a saleable area of 1,128 square feet, was sold this August at HK$38.5 million. 

The Altitude

A standalone luxury high-rise built in 2011 by Kerry Properties and Peterson Holdings, the 39-storey building is located on 20 Shan Kwong Road and has 126 units with mostly large apartments. A low-level A unit in Phase II with a saleable area of 849 square feet was sold this June at HK$15.88 million, or HK$18,704 per square foot.  

Things to know before moving into Happy Valley

Racing days

Without an MTR station in the area, the tram, bus and minibus are the main options of a commute for Happy Valley residents. Traffic congestion is common during rush hour or on horse racing days. 

Facing the cemetery

Apart from the famed racecourse, Happy Valley is also known for its views of the cemetery. There is a large number of luxury homes situated within a one-kilometre radius of the cemetery, and the view of the tombs may negatively affect the leasing or selling of these properties. 

School net

Happy Valley belongs to primary school net 12, which includes St. James' Primary School, St. Paul's Convent School (Primary Section), HK True Light Middle School (Primary Section) and Hennessy Road Government Primary School. Its secondary school net belongs to Wan Chai District, which has Wah Yan College, Queen's College, St. Paul's Convent School, Sheng Kung Hui Tang Shiu Kin Secondary School and HK True Light Middle School. 

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