Latest news with #DeepWaterBay
South China Morning Post
31-05-2025
- Business
- South China Morning Post
NWD-led group gets US$166 million from sale of 24 luxury homes in Southern district
A consortium of developers, led by New World Development (NWD), raked in HK$1.3 billion (US$166 million) from the sale of 24 luxury units in Hong Kong's Southern district, as wealthy buyers take advantage of a market downturn to acquire prized assets. Advertisement On Friday, a 1,706 sq ft, four-bedroom unit in Deep Water Pavilia, a 447-unit luxury residential project in Wong Chuk Hang, sold for HK$85.3 million, or HK$50,000 per square foot – the highest in absolute terms and on a per-square-foot basis in the district in recent years, according to a statement from NWD on Friday. The developer owns 50 per cent of the project. The deal broke a record set just a few days earlier by a unit of the same size in the same development, which sold for HK$82 million. The buyers of the 24 flats included people from The Peak, the Southern district, Kowloon, as well as affluent individuals from mainland China and overseas, five of whom bought two units each, NWD said on Monday. One foreign buyer spent HK$147.3 million on two four-bedroom flats, including the one that cost HK$82 million. Analysts attributed the project's success – which benefits from a prime location overlooking Deep Water Bay and easy access to public transport – to improving market sentiment and declining interest rates. Advertisement The one-month Hong Kong interbank offered rate (Hibor), which is linked to mortgage loans, is currently at its lowest point in nearly three years.
South China Morning Post
07-05-2025
- Sport
- South China Morning Post
How I went from being afraid of the deep to completing a 1.5km swim race in Hong Kong
Until 18 months ago, I could not swim. Actually, I would go so far as saying I was terrified of deep water. But, this week, I completed my first 1.5-kilometre open-water swim race at Hong Kong's Deep Water Bay. Advertisement It may seem strange for a 32-year-old who covers sport for the Post to be unable to swim, but I am not alone. According to Splash Foundation, almost half of the city's children cannot do so – a figure that is similar for adults and even higher among domestic workers. I decided, after a knee injury ruled out many forms of cardiovascular exercise, that the time had come to conquer my fear of the deep. 'Forty-seven per cent of secondary school kids live without the ability [to swim],' said Simon Holliday, the foundation's co-founder. 'And among the migrant domestic worker population, it is probably 70 or 80 per cent. So, huge numbers can't swim, and all they need is the opportunity, which is what Splash tries to do.' My fear stemmed from a swimming lesson at school in my hometown of Sheffield, England, when I was around five years old. For some reason, I panicked when in the deep end, started thrashing around and had to be pulled out by a lifeguard. Sport writer Lars Hamer, who is 32, only recently learned to swim. Photo: Jonathan Wong That 30-second episode meant that for more than two decades I could not even put my head under water in the bath, let alone contemplate swimming 1,500 metres in the ocean.
