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PostPosted: Thu Nov 04, 2010 5:53 pm 
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OK, we've had another meeting and site visit/photo shoot with the "Lamma Garden" developers yesterday.

The rental ads above were a bit pre-mature, it seems. Some property agents were a bit too pro-active, probably testing the current property market bubble with rental prices of around $30/sqft. Some of the 11 houses, the smallest and largest ones, are almost ready, all painted, kitchen and bathroom appliances installed, wooden flooring, double-glazing windows oceanside, some curtains, cleaners at work now, but some of the furnishings need a bit more work.

The greening and planting is in full progress right now, loads of plants are being shipped in at the public pier below the development.

The beautiful, 27-metre long swimming pool - a Lamma first, I believe? - is filled up now, but they were reluctant to let us take a dip, even though it's just 1.2 metres deep, not deep enough for a diving board, unfortunately.

The Open House event won't be happening till early next year.

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PostPosted: Thu Nov 11, 2010 3:08 pm 
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The Lammarina features in this CNN Article:

http://www.cnngo.com/hong-kong/life/lam ... ore-598954


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PostPosted: Thu Nov 11, 2010 4:39 pm 
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http://www.cnngo.com/hong-kong/life/lam ... ore-598954

Lamma Island will be a hippie haven no more
Savor the hippies while you can, Lamma is sprouting luxury properties like mold in a rainforest
By Annie Gotterson 9 November, 2010

For some reason, everyone in Hong Kong seems to think that Lamma Island is full of baked hippies.

It may have been last year's drug bust that cemented the image of an island full of crystal-carrying, spliff-toking, free-lovers, but that is certainly not the majority population.

As a two-year resident of Hong Kong's third largest island myself, I do think it is true that most of my neighbors have a hang loose attitude towards life. We value things like lounging on beaches and taking long leisurely walks up mountains more than stressing about getting a table at the latest trendy restaurant.

Besides, Lamma is moving up in the world. The pace of change is set to quicken over the next decade. The island is currently in the middle of a planned eight-year facelift that will thoroughly transform life as I know it. Construction projects will be continuous.

The Yung Shue Wan Main Street will become a pedestrian zone and a seaside promenade on reclaimed land is in the works. A new radio station will be installed. Already, rents are going up.

Hayri Ozen has lived on Lamma for five years and runs a business there: "When I first came I rented a house for HK$4,000, now the same house costs HK$8,000 to HK$9,000."

Partly due to inflation, the rise in property prices are also a reflection of Lamma's growing commuter population, who ironically mainly move to the island in search of a cheaper, community-driven life.

Karen Hui is a banker who moved to Lamma six months ago: "I love being able to escape from the city. Lamma is for people who want a slow pace and calm life."


Big plans, small island
Victor Lau likes change in Lamma, but not too much.
Many residents welcome such upgrades, optimistic that it will draw more visitors and thus more business to the island. Among them are the real estate agents, such as Victor Lau who has lived on Lamma all his life.


"It is better for the local people if a lot of foreigners come to Lamma," says Lau. "It is better for the business on the island and it makes life more convenient -- you can buy a lot of different products here now."

But the relaxed vibe and ramshackle charm of Lamma that first attracted residents -- and myself -- may be threatened by rapid changes and a major influx of new residents.

In fact, if Bobby Li, CEO of King Wong Development, gets his way the island will one day house Hong Kong's first world-class marina, host international sailing races and contain some of Hong Kong's most exclusive luxury residences. In other words, turning Lamma into the kind of wealthy tourist destination that residents tried to escape from by living there.

With one residential development, Lamma 1, near completion and plans for several more already in their final stages, Li is not alone in his Lamma ambitions. Although it might be hard to imagine the island as a glamorous destination, its proximity to Central and acres of undeveloped coastal land suggests huge potential to Hong Kong's zealous property moguls.

An indication of how successful such developers will be in their quest to turn Lamma into an exclusive escape will be seen in the triumph, or failure, of Lamma 1.

Lamma resident Scott Davis thinks it's ridiculous: "It will be a great shame if Lamma gets too developed. People don’t move here for that reason. Discovery Bay is where you go if you’re after a more luxurious life on one of the outer islands.”

Listed on Squarefoot.com at HK$130,000 per month, each of the 11 residences is spread over multiple floors, all of which have sea views and a large garden, communal infinity pool, and private 24-hour ferry.

The exclusive all-night ferry alone is reason enough to ignite jealousy in the rest of Lamma's residents. The actual reaction of locals though is characteristically relaxed.

Ah Kit, shop owner and 15-year resident of Lamma Island, says "A lot of Lamma's undeveloped land could be put to better use, but not too much of it."

Even estate agent Lau agrees: "I think Lamma as it is now is okay. If too much gets built, the look and community will change."

If successfully repackaged, Lamma's acres of undisturbed bush and secluded natural beaches will surely prove too tempting for developers. And that would be a real shame. Not only for Lamma residents, but for anyone who enjoys outdoor Hong Kong. Life as I know it on the island, will cease to exist.

================================

Load of moonshine.

"seaside promenade"?
"radio station"????

Interview a real estate developer and a real estate salesman, and what else can you expect but some line to make you think it's your last chance to get in before the boom.

"undisturbed bush and secluded natural beaches will surely prove too tempting for developers. "
Well, duh. Except that unlike the former tannery site, they're not zoned for development. It will take a major shift in government policy to change that.

And nice that we get a mention of "last year's drug bust that cemented the image of an island full of crystal-carrying, spliff-toking, free-lovers" without any follow up on the lack of any convictions. "Cemented" by articles exactly like this. And "free lovers" -- I've been missing out on the gossip, apparently, as not even HK Magazine has used that line. But now CNN has, it will enter the lexicon.

We can only hope that the druggie/hippie bullshit balances out the real estate bullshit and they leave us in peace for a few more years.


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PostPosted: Thu Nov 11, 2010 8:13 pm 
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Well, I mostly agree with Alan on this topic.
But the opening line gave away the story already, besides the numerous factual errors, mistakes and omissions:

"Lamma is sprouting luxury properties like mold in a rainforest"

The one and only luxury development so far is Lamma Garden (formerly Lammarina) which will not be available for rent at all till early next year. But this will be only 11 luxury houses on all of Lamma for several years when the next small set in central Sok Kwu Wan will become available, a kind of luxury hostel. There's only this single developer of "luxury developments" ($50K+ rent/house) on Lamma, to my knowledge.

The other very few planned, very small developments, in a few South Lamma locations are years away, no building has even started yet.
The "world-class marina" project in South Lamma, between Tung O Wan and Mo Tat Wan Old Village is still in early planning stage, at least 5+ years away.

Lamma is sprouting luxury properties like mold in a rainforest? More like a single handful of single tree saplings in an entire rainforest....

"...rapid changes and a major influx of new residents"?
I'd guess that our "relaxed vibe and ramshackle charm", "undisturbed bush and secluded beaches" are safe for many years to come.

Maybe the Lamma-based writer (Pak Kok, I'd guess?) should have talked to Bobby Li, his sons and the developers in person, like I do every few months to get an update, for example last Wednesday. They're pretty approachable and not really secretive, giving out quite detailed info and figures about their Lamma plans to the public years ago.

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