New Hong Kong Resident Pays HK$25.8M for Ho Man Tin Luxury Unit
AM730 · 1 SOURCESabout 2 hours ago2 MIN
Summary
A new Hong Kong resident has acquired a three-bedroom unit at 128 Waterloo in Ho Man Tin for HK$25.8 million, underscoring robust demand for luxury residential properties in one of Hong Kong's most prestigious districts. The transaction, recorded on the 22nd, involved a 15th-floor D unit spanning 842 sq ft, translating to a price per sq ft of HK$30,641. The buyer specifically chose the property for their children's enrollment at a nearby elite school and appreciation for the panoramic Lion Rock and Kowloon Tong views. Developer Lai Tak International (stock code: 3688), in partnership with Chun Wo, reported that the project is now approaching sold-out status with only limited inventory remaining.
Key Points
- Transaction closed at HK$25.8 million for 15/F Unit D at 128 Waterloo, featuring three bedrooms, an ensuite bathroom, and storage room
- Unit size of 842 sq ft yields a price per sq ft of HK$30,641, reflecting Ho Man Tin's premium positioning in the luxury market
- High-floor location offers unobstructed views of Lion Rock and the affluent Kowloon Tong residential area
- New Hong Kong resident buyer selected the property primarily for children's schooling at a nearby prestigious institution
- Project at 128 Waterloo Road, completed in 2021, comprises 110 units with only limited stock remaining
Why It Matters
This transaction demonstrates continued confidence among new Hong Kong residents in the city's luxury residential market, particularly in traditional prime districts like Ho Man Tin. The strong absorption of premium units signals that quality properties with educational catchment advantages continue to command a premium, even as the broader market experiences fluctuations.
This transaction demonstrates continued confidence among new Hong Kong residents in the city's luxury residential market, particularly in traditional prime districts like Ho Man Tin. The strong absorption of premium units signals that quality properties with educational catchment advantages continue to command a premium, even as the broader market experiences fluctuations.