Kwun Tong in transformative times

Kwun Tong promenade

Kwun Tong residents have a wide rangeof retail and community facilities to enjoy in the district. Large malls, shopping centres in housing estates and street markets are everywhere and easily accessible, while an array of upstairs shops and restaurants have emerged in industrial buildings in recent years. The district also has several public parks and playgrounds—the 1.9-hectare Kwun Tong Recreation Ground reopened in 2015 after renovation, and the scenic Kwun Tong Promenade, adjacent to the Kwun Tong Business Area, was put in use in the same year, and has since become one of the city’s most attractive harbour-side parks. Excitingly, the redevelopment will bring more nature and greenery to Kwun Tong in the days to come, making it the greenest town centre in Hong Kong and a better place for residents to live. 

Transportation is another key aspect to consider when assessing the quality of a district. In Kwun Tong, there are plenty of bus and minibus routes connecting housing estates in the neighbourhood to Hong Kong Island, Kowloon and New Territories. In addition, the MTR can take you from Kwun Tong to Island East in 15 minutes, or to Causeway Bay and Wan Chai in roughly 30 minutes. That said, traffic within the district is often congested; Hoi Yuen Road, in particular, due to its concentration of industrial buildings,
can be heavily congested during rush hour. To tackle this problem, the Kwun Tong Town Centre Redevelopment Project has included a number of road expansion plans such as building a transport interchange with a foot bridge or an underpass, which will improve the district’s traffic conditions.

On the other hand, the Energizing Kowloon East project further encourages the gentrification of Kwun Tong, actively transforming Kowloon East into the city’s second central business district. Betting on the district’s vast potential, a slew of businesses have moved their offices from Central to the Kwun Tong Business Area. In terms of residential real estate, Kwun Tong has mostly public housing estates and old residential buildings; the biggest housing estate in the area is Laguna City in Lam Tin, while the newest is Park Metropolitan, which was completed in 2014. 

Selected properties

Park Metropolitan

Kwun Tong Park Metropolitan

Located on 8 Yuet Wah Street, Park Metropolitan is a standalone building co-developed by the URA and Sino Land as part of Phase 1 of the Kwun Tong Town Centre Redevelopment Project. It offers 299 units, ranging from one-bedroom to four-bedroom flats, with saleable areas between 457 and 1,313 square feet. Unit 11G, with a saleable area of 588 square feet, was recently sold at HK$8.6 million or HK$14,626 per square foot.

Laguna City

Kwun Tong Laguna City

The largest blue-chip housing estate in Kowloon East, Laguna City, is located on 99 Cha Kwo Ling Road. With its first phase completed in 1990, the estate covers an area of one million square feet, comprising of 38 blocks and a total of 8,072 units. It also features three shopping centres, two clubs, one large park and a public transport interchange. A low-level C unit in Block 34, Phase 3, with a saleable area of 522 square feet, was recently sold at HK$7.1 million or HK$13,602 per square foot.

Hiu Lai Court

Located on 21 Hiu Kwong Street, in Sau Mau Ping, Hiu Lai Court is a Harmony Block-style, Home Ownership Scheme estate completed in 1997. It comprises of eight blocks, offering a total of 4,864 units with saleable areas between 430 and 646 square feet. Unit 14 on the 28th floor of Block A, with a saleable area of 431 square feet, was recently sold at HK$3.57 million or HK$8,278 per square foot.