The double-edged sword that is Tung Chung

Tung Chung park

The youngest of Hong Kong’s many “new towns”, Tung Chung started with only two public housing estates (Fu Tung Estate and Yu Tung Court), before welcoming Yat Tung Estate and a string of private developments – making Tung Chung's current population over 120,000 residents.

Unlike previous new towns, the development of northern Lantau revolved around infrastructure, specifically the
Hong Kong International Airport in Chek Lap Kok. Currently, Tung Chung has several major projects under construction including the Hong Kong–Zhuhai–Macau Bridge, an artificial island, Hong Kong International Airport’s third runway, the Tuen Mun–Chek Lap Kok Link, as well as Tung Chung East & West Stations. With these projects put into use in the future, Tung Chung will be on its way to becoming the city’s third central business district as the government had initially intended. From an investment standpoint, this means that Tung Chung real estate packs great potential.

However, the concentration of several largescale new constructions is also a cause for concern as it negatively impacts the area's landscape and environment and thus compromises the living quality for local residents. Tung Chung’s already serious air pollution problem is likely to get even worse once the collection of main roads open in the area. While there are various development projects underway in Tung Chung, most of them are infrastructure and commercial developments. Potential home buyers looking at Tung Chung real estate will have to pay close attention to the amount of resources being invested in the local community.

On the other hand, Tung Chung’s serene environment and close proximity to Cheung Sha Beach, Tai O and Mui Wo marks the area as one of the most sought-after places to live in for singles as well as growing families. In addition, Tung Chung has a strong school network which ranges from local to international schools, that makes it highly attractive for parents, while neighbouring Discovery Bay also offers several schooling options including Discovery College and Discovery Bay International School. Transport-wise, unlike other Lantau neighbourhoods, such as Discovery Bay, Mui Wo and Tai O, which are only accessible via ferries, Tung Chung is still accessible by the MTR and connects to the Tsuen Wan Line, West Rail Line, Island Line via Lai King station, Nam Cheong station and Hong Kong station. However, one of the most important things to note is that some roads in Lantau need private car permits.

Selected Properties

Coastal Skyline

Coastal Skyline estate Tung Chung
This private estate, located on 12 Tung Chung Waterfront Road, was co-developed in four instalments between 2003 and 2007 by HKR International, Hong Leong Holdings and MTR Corporation. It comprises of seven 45 to 50-floor high-rises, six 15-floor mid-rises and 41 low-density villas, covering a variety of property types. Unit 47C in Block 1, Phase 1, with a saleable area of 911 square feet, was recently sold at HK$10.21 million or HK$11,207 per square foot.

Caribbean Coast

Caribbean Coast estate

Located on 1 Kin Tung Road and developed in five instalments, the earliest of which started its selling period at the end of 2002. The estate has 13 high-rises and 8 low-rises, providing a total of 5,430 units, most of which are three-bedrooms. It also boasts a 610,000-square-foot club and private garden. A low-level G unit in Block 12, with a saleable area of 756 square feet and three bedrooms, was recently sold at HK$7.82 million or HK$10,344 per square foot.

Century Link
Located on 6 Ying Hong Street, Century Link was developed in two phases and is made up of 13 blocks with a combined total of 2,399 units. With a sizeable clubhouse, about 70% of the units at Century Link are one- or two-bedroom flats. A high-level one-bedroom unit in Block 3A, Phase 1, with a saleable area of 381 square feet, was recently sold at HK$5.9 million or HK$15,486 per square foot.

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