Nga Ying Chau expected to open bid at $6,000

Mr. David Lau, Senior Supervisor at Centaline's Tsing Yi District, predicted that Villa Esplanada at Tsing Yi would commence sales at $6,000 per sq. ft. Since this project provided mostly units above 700 sq.ft., it was expected to attract many custome

He pointed out that Nga Ying Chau's development site occupied 4.15 acres. Its total building area reached 2.21 million sq. ft., comprising of ten residential towers each of which reaching 36 storeys high. A total of 2,736 units would be provided. The

Mr. Lau continued that at present there were 3 private secondary residential properties in this area - they were Tsing Yi Garden, Greenfield Garden, and Mayfair Garden. Those three properties all realized more than 60% cumulated gain last year. Green

Property prices in Tsing Yi had a tremendous gain last year, chiefly led by the concept of the Airport Transit Railway, the Third Route, and West Kowloon Highway. The impending service commencement of TsingYi-Lantau Route and North Lantau Highway also

He therefore thought that if Villa Esplanada opened up at the $6,000 level, it would be welcomed by hoards of customers looking for an exchange in the district. At the same time since the supply of large units in Chuen Wan and Tsing Yi was limited, it

April 8, 1997