Small West Bay, located in the northeastern part of Hong Kong Island, is a residential area characterized by its serene setting, backed by hills and facing the sea, offering a unique lifestyle. Small West Bay's Blue Bay Peninsula, situated in this area, is the subject of a reduced-priced auction, with the starting bid set at HKD 10.5 million, 20% below the bank's valuation of HKD 13.15 million, making the average price per square foot HKD 14,403.
The Blue Bay Peninsula at unit 46A of building 5 offers a three-bedroom layout with a worker's room, and stands at 729 square feet. A representative from the Asia Pacific Auctions states that the property will be auctioned on Tuesday, with around 61 properties also up for bid. The original owner purchased the property in 2016 for HKD 11.88 million and refinanced twice, but due to loan defaults, it has become a distress sale property. The unit boasts panoramic sea views from the living room and all three bedrooms, enhancing its appeal.
Education in the area is top-notch, with the primary school catchment area being part of the expansive Zone 16, which includes several prestigious educational institutions. Nearby schools such as Order Bay Public Primary School, Shek Kong Public Primary School, and Journeymen Christian College are highly sought after. For secondary education, the area boasts a concentration of renowned schools, mostly offering English instruction, beneficial for students aiming for bilingual proficiency. Notable schools like Lady Bird Chor Ed Middle School, Zhang Zhu Shan English Middle School, and Saint Mark's College are among the leading educational establishments in the district.