Clearwater Bay offers families a tranquil coastal spot with good access to the city centre
Prices of properties in the area have been rising steadily as more buyers opt for conveniently located homes next to the seaside
Clearwater Bay’s residential prices have risen moderately in the past year or so, in keeping with the rising trend of residential prices in Hong Kong Island and Kowloon, according to estate agents.
Apart from the general firming of the residential prices, agents say there are other factors that have affected the pricing trends, such as buyers moving from the rather “crowded” Sai Kung residential market to Clearwater Bay and high-net-worth buyers, with budgets of over and about HK$50 million, seeking to purchase family homes.
Even those buyers with slightly less money to spend, say about HK$18 million, can choose a three-storey 2,100 sq ft village house in the district.
According to Marco Ma, director of Eastmount Property Agency, an agent specialising in brokering Sai Kung properties, in the first half of the year, availability of such village houses has tightened mainly due to a flurry of sales activity.
“Record land sales results, especially the sale of a waterfront residential site in Aberdeen, have buoyed market sentiment in the last few months. The Sai Kung and Clearwater Bay housing market was no exception. Village houses listed for sale priced in the range of HK$18 million to HK$20 million have sold fairly quickly,” Ma says.
As expected, most village house buyers would prefer to find a home with sea views, more open space and ideally off-street car-parking. But in the last round of sales, many buyers were willing to compromise on these features as stock was selling really fast, Ma notes.
