Semi-New Property Developments Record Profitable Transactions; Belgravia Place Vendor Nets Nearly 1.5 Million HKD After 2.5-Year Hold
SingTao · 1 SOURCESabout 4 hours ago3 MIN
Summary
Several semi-new private residential developments across Hong Kong have recorded profitable secondary market transactions this month. The standout sale involves Belgravia Place in Cheung Sha Wan, where a vendor secured a capital gain of approximately 1.494 million HKD after holding the property for about two and a half years. The 425 sq ft three-bedroom unit at Tower 1A sold for 8.25 million HKD. Similar profitable transactions were observed at YOHO WEST PARKSIDE in Tin Shui Wai, Sierra Sea in West Bay, and Upper Regency Phase 1 in Tai Po, indicating sustained demand for newly completed developments.
Key Points
- Belgravia Place Tower 1A high-floor unit spans approximately 425 sq ft with a three-bedroom layout, sold for 8.25 million HKD at 19,412 HKD per sq ft after three months on market; the original owner purchased the unit for about 6.756 million HKD in March 2024, yielding a profit of approximately 1.494 million HKD
- Sierra Sea Phase 1A Tower 1A low-floor Unit F measures about 451 sq ft with two bedrooms, fetching 6.725 million HKD (14,911 HKD per sq ft); the previous owner acquired it in May 2025 for approximately 5.249 million HKD, earning a profit of about 1.476 million HKD or 28.1% appreciation over roughly one year and four months
- YOHO WEST PARKSIDE in Tin Shui Wai, which commenced handovers last month, has recorded seven secondary transactions this month, all yielding profits with margins ranging from 12.8% to 32.5%; a 412 sq ft two-bedroom Unit B7 at Tower 1B sold for 5.5 million HKD (13,350 HKD per sq ft)
- The original owner of YOHO WEST PARKSIDE Unit B7 purchased the property in March 2025 for approximately 4.1503 million HKD, generating a capital gain of about 1.3497 million HKD or 32.5% after holding for approximately one and a half years
- Upper Regency Phase 1 Tower 2 low-floor Unit A7 in Tai Po, a 310 sq ft one-bedroom unit, sold for 4.003 million HKD (12,913 HKD per sq ft); the seller originally bought for about 3.228 million HKD in March 2025, making a profit of approximately 775,000 HKD or 24% appreciation
Why It Matters
The consistent profitability across multiple semi-new developments demonstrates sustained buyer confidence in Hong Kong's residential market, particularly for properties completed within the past one to two years. These transactions suggest that proximity to family and immediate occupancy needs continue to drive purchasing decisions, while the healthy profit margins achieved by vendors indicate healthy capital appreciation in select districts despite broader market uncertainties .
The consistent profitability across multiple semi-new developments demonstrates sustained buyer confidence in Hong Kong's residential market, particularly for properties completed within the past one to two years. These transactions suggest that proximity to family and immediate occupancy needs continue to drive purchasing decisions, while the healthy profit margins achieved by vendors indicate healthy capital appreciation in select districts despite broader market uncertainties .