Compared with another new property launched in the same district in November last year, Longyue, the first batch of discounted average price of $17,938, the opening price of the sea-friendly station II is 16% lower, even more than the same period of the general market 4% drop.
However, if we compare it with the neighbouring six-year-old PENINSULA EAST, the opening price of Oceanside II is slightly higher by 3%, and the discounted price of the project's entry unit is about $2.9 million, which is the cheapest new property in the urban area in the past four years in terms of the total property price. However, this unit is on the 1st floor and is an open-plan flat with a usable area of 210 sq ft. If the buyer takes out a 90% mortgage, the monthly instalment will be $12,722, and the monthly income will be $26,794 in order to pass the stress test.
The two phases of the harbour-front station are laid out one after the other, with Phase 1 being the more "harbour-front" one, with more flats offering sea views. As for phase 2 and the coastline, separated by the fish wholesale market, will be removed and released for residential use, up to 80 metres, so even if the units are now facing the sea, the landscape is still variable.
Although the project is named "Sea Friendly Station", it is not close to Yau Tong MTR station. It takes about 8 minutes to walk along Ko Fai Road from Exit A2 of Yau Tong station to Sea Friendly Station. Moreover, the project is located in an industrial area, which is not only exposed to sunshine and rain, but also sand and dust along the way.
There are quite a number of semi-new developments in the vicinity of Oceanside Station, which are gradually transformed into residential areas. The most pressing problem is that there are three concrete factories in the vicinity, of which 20 and 22 Tung Yuen Street have already failed to renew their licences. However, the factories have since appealed, and one of the appeals has already been rejected by the High Court, while the other is still under trial. On the day of filming, many snail trucks were seen passing by, and the living environment was not so ideal.
In addition to the fish wholesale market to the west, there is also the Sze Shan Street and Tung Yuen Street project, which will be redeveloped into residential buildings, and the noise from the construction work is a potential problem.
