Like Tree6Likes

Lohas Park

Reply
Page 1 of 4 1 2 3 4 LastLast
  1. #1

    Lohas Park

    Why are rentals in Lohas Park so less despite these points:

    - It is a completely new area / construction
    - Right above a new MTR station

    For example: a 950 sq. ft. apartment rents out for only $11k - $12k!!

    Is there any catch?


  2. #2

    Join Date
    Oct 2008
    Posts
    1,165

    is expensive. $11k for a 950 sq ft.


  3. #3

    Join Date
    Mar 2006
    Location
    Hong Kong
    Posts
    150

    Extremely large supply. Plenty of people bought the property at the height of the boom last year and can't get out, so are renting them out instead.

    Right next to landfill.

    So damn far away. Sure it's above an MTR station, but that's it. And it's a pretty far away MTR station as well! TKO city centre is more convenient.


  4. #4

    Join Date
    May 2007
    Location
    In a little burrow
    Posts
    943

    Junk bay, no?


  5. #5

    Join Date
    Apr 2009
    Location
    Hong Kong
    Posts
    6,076
    Quote Originally Posted by rapid_jap:

    Is there any catch?
    Yes, it's in Tseung Kwan O -- a nightmarish new town with hundreds of roundabouts, four-lane highways and noise barriers, but no town centre.

  6. #6

    Join Date
    Mar 2006
    Posts
    309
    Quote Originally Posted by rapid_jap:
    Is there any catch?
    The area is going to be a construction site for at least 6 more years.

  7. #7
    deleteduser

    Yeah, construction is going to be a major issue. The fact that there is a landfill right over the hill might be an issue too, I'm not sure.


  8. #8

    Join Date
    Nov 2004
    Location
    Third Sphere of Paradiso
    Posts
    1,393

    Not to mention the view to one of the biggest cemeteries in Hong Kong, just across the bay.. especially for the locals..


  9. #9

    Join Date
    Sep 2008
    Posts
    3,677
    Quote Originally Posted by geo-seb:
    The area is going to be a construction site for at least 6 more years.
    Make that 10, the development of LOHAS park is estimated to take until 2019 and will include 50 (fifty!) towers when completed.

  10. #10
    Quote Originally Posted by Raccon:
    Make that 10, the development of LOHAS park is estimated to take until 2019 and will include 50 (fifty!) towers when completed.
    That's ridiculous!!! You mean the view that they might be promising for any particular apartment right now will most be gone coz' of new towers coming up??

    + of course, all the sound and dust due to construction..

    Hmm..now I know. I was always under the impression that people move to those areas for cleaner air...!

Reply
Page 1 of 4 1 2 3 4 LastLast