The lead exchanged hands on numerous occasions down the closing stretch but a Barr birdie at the par-5 16th went unanswered and he sealed his maiden triumph with an exquisite chip at the Eden Course's famous closing hole, which saved his par.
"I've been chipping really well and I just backed myself there. I could have putted it but I went with the chip and it came off perfectly," continued Barr, who collected a cheque for HK$100,000.
While Park was unable to extend his amazing winning streak to five, the Australian was full of praise for his compatriot.
"I couldn't have done much more," said Park, who had four birdies and just one dropped shot in his three-under-par effort. "I hit the ball great from tee to green and missed out on a few putts, but I take my hat off to Scott. He fought back really well after he made the triple and deserved to win."
D'Souza earned top amateur honours after finishing in fifth, a shot behind Goulding who ended on four-over. Goulding's effort was seven shots ahead of Beem who carded a 76 for a share of eighth place.
"I didn't have my best stuff out there but it's been a great tournament – a really enjoyable week," said the American. "Hong Kong is such an amazing city and I hope to be able to come back and play again next year. I can't praise the tournament highly enough."
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