The official opening of the Blue Crossing and the Tseung Kwan O Cross Bay Bridge will enhance the accessibility of external transportation and boost the trading activities in Tseung Kwan O.

It is natural for the market to expect that the related infrastructure concept will stop the fall of property prices in the district and even bring them back up.

Is this the case?

According to the Transport and Logistics Bureau, the opening of the Blue Harbour Crossing and the Cross Bay Link will provide a new road link between Tseung Kwan O and Kwun Tong, as well as the Eastern Harbour Crossing, reducing the travelling time between LOHAS Park and Kwun Tong town centre by about 20 minutes.

Residents in other parts of Tseung Kwan O will also benefit from the reduced travel time as the Tseung Kwan O Tunnel will divert an estimated 30% to 40% of the traffic flow from the Tseung Kwan O Tunnel during peak hours.

Another important indicator is the supply. The sale of new properties in the Tseung Kwan O South area has come to an end, making the purchasing power of new developments in the area more concentrated in LOHAS Park in recent years.

However, the new supply in LOHAS Park has unknowingly entered the penultimate phase, with the latest project, Phase 11, already in its penultimate three phases.

Therefore, if you want to enjoy the new buildings in LOHAS Park, you have to seize the opportunity to enter the market and enjoy the harvest period of the district's facilities.

Phase 11 will be developed in three phases, offering a total of 1,880 units.

Since its launch in late June 2022, over 600 units have been sold, generating over $5.2 billion in cash.

 Meanwhile, the shopping facilities at LOHAS Park are becoming increasingly sophisticated, with the opening of The LOHAS Park in 2020, offering a total gross floor area of approximately 480,000 square feet and nearly 150 shops, which will greatly improve the shopping facilities in the area.

The entire LOHAS Park is expected to be completed in 2025, with construction divided into 13 phases.

However, some Legislative Councillors have also criticised that after the opening of the Blue Tunnel and the Tseung Kwan O Cross Bay Bridge, the current serious traffic congestion at the Eastern Harbour Crossing will not change and the road traffic network will not be truly improved.

Legislative Councillor and Vice Chairman of the New Territories Association of Societies, Mr. Lee Sai Wing, pointed out that recently there was another serious train accident on the MTR Tseung Kwan O Line, and the train service on the Tseung Kwan O Line was suspended for a while, turning Tseung Kwan O into an "isolated island" on land again.

As a new town, Tseung Kwan O has been developed for decades, with a population of over 400,000 residents, and the MTR, which is the main means of transport for residents in the area, is becoming more and more congested.

According to statistics, more than 500,000 passengers travel on the Tseung Kwan O Line every day, which is already saturated with capacity and requires urgent optimisation.

For those who want to enjoy the living environment of the Tseung Kwan O Tunnel and the Tseung Kwan O Cross Bay Bridge concept, renting a property is also an option.

The first pre-letting case is a 3-bedroom suite with a workman's suite on the upper floors of Block 2A, with a usable area of 867 square feet, facing south-west with a sea view. Originally let at $30,000, the unit was negotiated and let at $27,000, a rent of $31 per square foot.

The owner bought the property in 2021 for $15,253,000 and the current rental return is 2.2%. LP10 consists of two towers offering a total of 893 units.

Since its launch early last year, a cumulative total of 791 units have been sold, representing approximately 89% of the total number of units in the phase.

The new building, Hoi Yin Manor, also located in the LOHAS Park area, has been inhabited in recent months. The estate mainly focuses on small units, the size of which is rare in the LOHAS Park area, and is popular with many singles and branch families.

Although the 1-bedroom units in Hoiin Estate are smaller in size, there is a 6-foot wardrobe space at the interval and the height of the ground floor is about 3.5 metres, making it easy to add a loft.