New Territories homes lose their discounts to Kowloon as Hong Kong’s longest subway line closes distances and narrows price gaps

Hong Kong’s New Territories, the area south of the city’s border with China, is no longer as inaccessible as in decades past, as new transport links closed the distance with Kowloon and the rest of the city.The price gap between such New Territories districts like Sha Tin, and areas on the Kowloon peninsula like Tai Kok Tsui has also narrowed, underscoring the changing trends as first-home buyers and younger couples moved out further afield from Hong Kong Island.The change began in June 2003…

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