Peak Colonial Gem with Private Terraces @$75K

This charming lowrise apartment set on the top floor of Stewart Terrace has a large living room which opens to a balcony with open green views and three good size bedrooms with excellent storage. The master bedroom has a walk-in closet next to the ensuite bathroom. The other bedrooms also come with built-in wardrobes. The modern kitchen has Western cabinets and work tops and essential appliances. There are a maid’s room with separate bathroom, and an utility area with separate washer and dryer. The two private terraces with excellent green views are the highlights of this apartment. With exceptional ceiling height and rectangular layouts, parquet floor and walls painted in neutral colour, this apartment is ready to welcome its new occupants immediately.

Stewart Terrace is an exclusive cul de sac branching out from Peak Road shortly before reaching The Peak Galleria. Completed in 1949, the building itself is a three storey colonial lowrise comprising twenty apartments with a few variations of sizes and layouts, forming its own community which is predominantly expatriate in this quiet neighbourhood. Apartments typically have high ceilings, large bedrooms, and balconies outside the spacious living areas, along large kitchens with utility area and alma’s quarters which are indispensable for colonial apartments. High on elevation and surrounded by mature tropical vegetation, apartments enjoy excellent green views, fresh air and cool summer breeze. There are ample carpark spaces for the residents and visitors. Residents share the use of an outdoor swimming pool. The building is professionally managed. With bus station at door step and mini buses abound, public transportation is very convenient.

During early colonial days, European colonists built their houses on Victoria Peak to reach for cooler temperature at high attitudes.  However, accessibility deterred early settlers until the opening of the Peak Tram in 1888.  Residential development sped up since Peak Tram was in service.  Owing to the Peak Reservation Ordinance between 1904 and 1947, the Peak was designated as an exclusive residential area reserved for non-Chinese.

Homes on the Peak were considered accolades for wealth, power and status.  Demand was boosted as soon as the ban was uplift.  However, road capacity, difficult hillside site formation, and lack of buildable land limit new supply.  As a result, single detached houses have slowly been redeveloped into developments of town houses and lowrises in recent decades.  Nonetheless, the insatiable demand for quality homes on the Peak continue to drive home prices up.

Today homes on the Peak continue to appeal to local buyers and expatriate executives of MNC due to its desirable environment, convenience to schools and shopping, and easy commute to CBD.

Barker Road Tram Station

Peak Tower

Dairy Farm Peak Shopping Centre

Wellcome Supermarket Guildford Road

German Swiss School Int’l School

Carmel School Of Hong Kong

Mount Austin Playground

Wan Chai Gap Park