Property

Kowloon Tong and the 41 dream

Property in Kowloon Tong

41 is a lucky number for many Hong Kong parents. For some, its appeal is no less than that of winning the lottery or uncovering the secret to happiness. It may sound absurd but it’s not untrue. The “41” I’m speaking of is the number of a primary school net, which has become known for a network of prestigious Hong Kong schools located in the Kowloon Tong and Kowloon City districts.

Chinese parents have a long tradition of making their children’s education their top priority, and that can mean moving homes just so their children have a better chance at getting into a great school. In Hong Kong, most first graders are assigned to primary schools according to the school net that corresponds to the district their families reside in. Considering the appeal and difficulty for a student to eventually get into a university of their dreams, and the fact that starting your education in a prestigious primary or secondary school will give you an advantage in the race, it’s easy to understand the allure of Kowloon Tong real estate.

Terence Ho, a senior client manager at United Properties and an expert in Kowloon Tong’s property market says, “Thanks to school net 41, rentals in this district have always been hot commodities. Adding the fact that it’s traditionally an ‘old-money’ area with lots of luxury homes, property supply here is usually scarce, therefore available units are snapped up very quickly.”

Education has become a huge factor in a home buyer’s decision-making process, but it is not the only one. Apart from the impressive lineup of schools, Kowloon Tong offers an array of advantages for local residents, including low housing density, premium location, a peaceful living environment and a well-developed transportation network (Kowloon Tong MTR station also sits on the East Rail Line), not to mention the abundance of shopping malls, green areas and facilities. Moveover, the top schools have also attracted academics and professionals to live in the area, making the neighbourhood even more desirable.


Kowloon Tong

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Selected properties

Meridian Hill

The Cheung Kong Holdings development located on 81 Broadcast Drive was completed in 2011 and consists of three nine-storey blocks, which share a ground floor garden, podium and top-floor terrace. It has 103 units, with areas ranging from 1,274 to 2,107 square feet and are mostly three- and four-bedroom flats.

One Mayfair

Completed in 2011 by Sino Land, One Mayfair is located on 1 Broadcast Drive and constitutes six 10-storey blocks. It has a total of 120 units, two on each floor. The 96 standard units have a saleable area that starts at 1,000 square feet, while the 24 special units start at 2,300 square feet. The blocks at One Mayfair form a line, allowing each flat to enjoy an open view.


One Mayfair

Parc Inverness

Developed by Chinachem Group and located on 38 Inverness Road, the estate has 134 units (including five standalones houses) that range from one- to four-bedrooms. The saleable area of a standard unit is between 509 and 1,979 square feet, while a house starts at 3,542 square feet. The club has a 15-metre indoor swimming pool, a children’s swimming pool, a jacuzzi, karaoke rooms and a banquet hall. The first batch of 50 units became available in April this year, with an average per-square-foot price of HK$23,339. Unit A on the second floor of Block 3 with a saleable area of 1,514 square feet was sold in September for HK$29.41 million or HK$19,430 per square foot.

Things to know before moving into Kowloon Tong

A seller’s market

The string of prestigious schools has brought in a large number of buyers and renters from outside the Kowloon Tong district. Some parents go out of their way and exhaust all financial means to make sure their children go to the best schools. As a result, home owners in the district are generally optimistic about the market’s future prospects and are usually in no rush to sell their homes. It’s truly become a seller’s market.

Choosing schools

Primary One Admission System has two stages: Discretionary Places Admission and Central Allocation Stage, which only applies to government schools and aided schools that offer 12-year free education for students. Meanwhile, Direct Subsidy Scheme, private and international schools select their own students. Even for children attending "through-train" mode kindergartens, they can only go straight to associated primary schools if the schools are privately owned.

School net

The district belongs to primary school net 41, which includes Diocesan Preparatory School, La Salle Primary School, Kowloon Tong Government Primary School, Maryknoll Convent School (Primary Section), Holy Family Canossian School (Kowloon Tong) and CCC Kei Wa Primary School (Kowloon Tong). The secondary school net belongs to the Kowloon City District, with Diocesan Boys' School, Wa Ying College, Kowloon True Light School, Holy Family Canossian College, Chan Sui Ki (La Salle) College, Munsang College (private school) and more. In addition, the area has notable kindergartens such as Kentville Kindergarten, St. Catherine's International Kindergarten and Kingston International Kindergarten. Kowloon Tong is also home to Yew Chung International School, Australian International School and American International School.


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