25 November 2014 - The MTR Corporation confirmed that Kennedy Town and Hong Kong University MTR stations will start running from the end of December this year, with Sai Ying Pun Station to be opened at the end of Q1 2015. The new extension will take only 8 minutes from Kennedy Town to Sheung Wan, revitalizing the old Western District and significantly reducing the current commute time of residents living in these areas.
Already a maturely developed community, the completion of the new MTR is expected to make Western District a new focal point of the Hong Kong property market - especially given that the average property price is relatively more competitive compared to other districts near Central.
According to existing listings on OKAY.com, the current price of a small 2 bedroom apartment in Centrestage (Sheung Wan) and The Zenith (Wan Chai) are asking $8.7M and $9.6M respectively, while a similar size unit in The Merton (Kennedy Town) is asking for only $7.98M.
At the sites of HKU and Sai Ying Pun stations, lifts are being built on Bonham Road and Pokfulam Road to connect Mid-Levels West with the station concourses underground. Improvements in accessibility are anticipated to bring unprecedented changes to the Mid-Levels lifestyle.
Project details and station entrances can be found at:
