Buyers look at Discovery Bay property after Metropolis announcement
Potential buyers taking a look at flats in the closest residential area to planned metropolis
Interest in new homes in Discovery Bay is on the rise as potential buyers are lured to the area by the prospect of capital gains resulting from the construction of the East Lantau Metropolis an artificial island that is to be built to the east of Lantau.
"We have seen more flat viewers over the weekend as potential buyers want to learn more about Discovery Bay, which will be the closest residential area serving the future East Lantau Metropolis," said Simon Lee Wai-ling, an assistant associate director at Centaline Property Agency's Discovery Bay branch. But so far the new interest has not translated into a significant increase in deals in the area.
The plan for the Metropolis was announced by Chief Executive Leung Chun-yin in his policy address to the Legislative Council last Wednesday.
"It will become a core business district in addition to Central and Kowloon East for promoting economic development and providing job opportunities," he said.
Four luxury units at HKR International's project, The Amalfi in Discovery Bay in Lantau, priced at between HK$12.85 million and HK$14.53 million, were sold at the weekend, compared with two transactions a week earlier, according to the government website, Sales of First-Hand Residential Properties Electronic Platform.
"The sales were better than the previous week as home seekers made their decisions faster after the announcement," said Lee.
