Sham Shui Po and Cheung Sha Wan are associated with older run-down residences, poverty, and industrial buildings. In the 1970s, the district was home to a vibrant garment industry, then once the factories moved to cheaper locations up north, an office district for exporters and merchandising companies.
The newly reclaimed waterfront has been disused despite its prime location and sea views. With the opening of the Tung Chung Line, access to Central's offices has vastly improved with the opening of Nam Cheong station. What was once a sleepy area occupied by a wholesale fish market and surrounded by a lot of poor people has suddenly become more desirable.
Cullinan West is a 3-phased residential development on top of the station. The highrise section comprises 7 towers of 41-45 stories, with prices for a 271 square foot residence costing well over USD $1 million.
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The wholesale market still occupies prime waterfront real estate, and is typically quiet during the day.
A long walk from Nam Cheong station, Hoi Lok Court consists of 5 blocks of up to 42 stories with a total of 2522 units. Sales took place in 2018 and prices raged from $2.9 million for a 383 square foot unit to over $6.2 million for 631 square feet.
There is more construction further inland along this prime city location.
Being an enclave, it is a bit difficult to get here. There are few bus routes entering this area for now so residents need to rely on their feet and the MTR.
Further down the street is Hoi Ying Estate, which consists of 2 blocks of up to 40 stories tall with 1319 public housing units for low-income families. Flat sizes range from 14-37 square metres with rents ranging from $1200-3200 a month only.
With the West Kowloon Highway separating this enclave from the rest of the city, a more conveniently-located bridge is being built to connect the two sides.
The waterfront area is barricaded for more construction. Hope one day there will be a promenade to watch the sunset.
There is still plenty of land available for construction, with a bus depot and ferry company office across from Hoi Ying Estate.