The serenity of Peng Chau, and selected properties

Peng Chau view from Finger Hill

With crowds, businesses, cars and everything in between, Hong Kong can get very chaotic. The 24/7, non-stop noise not only urges us to keep moving, but also has made peace and quiet an alien concept for urbanites. However, people are not machines, and living and working amidst the noises can take a serious toll on us. 

That’s why a calm and serene living environment is hugely beneficial to Hongkongers. With a population of 5,300 and easily reachable by ferry from Central Pier No.6, Peng Chau is an oasis that is within close proximity to the city where you can relax and get away from the urban hustle and bustle.

Home prices on outlying islands are generally cheaper compared to the city, but their remote locations can be a big deterrence. Peng Chau is surrounded by water and is only reachable by ferry; there’s no going around it. Luckily though, it only takes a 30-minute ferry ride to get to Central, which—from a time perspective—is a shorter journey than travelling to Central from the New Territories and some parts of Kowloon. Ferry services are more frequent during the morning rush hour (every 20-25 minutes), making it more convenient for residents that work in the city. In addition, Peng Chau also has ferry routes going to many other islands, including Cheung Chau, Mui Wo, Discovery Bay, Chi Ma Wan and Hei Ling Chau.

In terms of housing, it has one PRH estate (Kam Peng Estate) and one HOS property (Peng Lai Court), both completed in 1996 and offering a combined total of 448 units with most of the indigenous population lives in village homes. In addition, there are low-density estates on the island such as Monterey Villas and Sea Crest Villa. As for new developments, Sino Land has completed Paloma Bay and Paloma Cove on a residential site in Peng Chau; the developer won the site at an extremely low price in a government land tender back in 2012. Both of them are rent-only, low-density developments.


Paloma Bay and Paloma Cove

Paloma Cove

Located on 18 Peng Lei Road, Paloma Bay is a Sino Land development comprising of 26 low-rise blocks of apartments, which offers a total of 52 units. With either a garden or roof terrace, Paloma Bay's apartments are two bedrooms with saleable areas ranging between 628 and 652 square feet. The current rent for the developments starts at around HK$15,800 per month. The development also has two 1,400-square-foot villas, with their per-square-foot rent set at HK$24 per month. Its sister development, Paloma Cove, is located on 8 Ho King Street. It has 10 villas, with the saleable area starting at 1,300 square feet, and monthly rent starting at HK$42,000.

Peng Lai Court

Peng Lai Court

A Home Ownership Scheme development, Peng Lai Court is located on 2 Lok Peng Street, and has 148 units with saleable areas ranging from 419 to 635 square feet. Last March, a three-bedroom unit with a saleable area of 642 square feet was bought at a price of HK$4.21 million (premium paid), which averages to HK$6,558 per square foot, setting a new unit price and per-square-foot price record for an HOS home.

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