Posts Tagged ‘cheung sha wan’

Pacifica sold for HK$2,912 per square foot!

Friday, January 2nd, 2009

Pacifica, is one of the tigers in the Four Asian Tigers of West Kowloon.  Located in Cheung Sha Wan, the major commercial business district for trading companies, is a property developed jointly by Sun Hung Kai Properties and Cheung Kong (Holdings).  A relatively new complex, the development has six towers with units ranging from 585 to 1,514 square feet.  Due to the availability of low square footage units, low unit cost and management fees, Pacifica, along with the other three tigers are going to rebound quicker in this market downturn as they provide people with more affordable housing compared to the nearby area. 

On the 23rd of December in 2008, there was a provisional contract that sold a unit in the Pacifica for under $3,000 per square foot, a new low in the area.  The two-bedroom, 680 square feet, Flat H, 22nd Floor, Tower 1 of the Pacifica was sold for HK$ 1.98 million.

For more information about Pacifica, the Four Asian Tigers of West Kowloon or any other properties in Hong Kong, I would advise contacting an estate agent who can help you find your dream home.