Kai Wo Shan 1,025-sq-ft Flat Sells for HK$13.33M in Tuen Mun
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Road King Properties and Shenzhen Holdings (stock code: 604) have completed a significant property transaction at their Kai Wo Shan development in So Kwun Wat, Tuen Mun. The sale involved Unit A on the 18th floor of Tower 1, featuring a saleable area of 1,025 square feet with a three-bedroom en-suite layout plus domestic helper's room, together with a parking space. The transaction price reached HK$13.325 million, representing HK$13,000 per square foot. The buyer is a local customer who currently resides within the same estate and purchased the larger unit to upgrade their living conditions as their family's spatial needs evolved. Industry observers note that this transaction reflects sustained demand from families seeking improved living environments.
Key Points
- The property is located at Tower 1, 18/F, Flat A at Kai Wo Shan in So Kwun Wat, Tuen Mun, developed by Road King Properties in partnership with Shenzhen Holdings (604)
- The unit spans 1,025 square feet of saleable area with a three-bedroom en-suite layout including a separate domestic helper's room, sold with one parking space for HK$13.325 million
- The price per square foot calculates to HK$13,000, with the unit offering over 1,000 square feet of practical living space to accommodate family needs
- The buyer is a local resident who already lives in Kai Wo Shan and was satisfied with the estate's living environment and facilities before deciding to upgrade
- Yan Jingfeng, Sales and Marketing Director at Road King Properties, noted that spacious three- and four-bedroom units with low-density settings and ready-to-move-in status remain relatively scarce in the current market
Why It Matters
The transaction underscores persistent demand from Hong Kong families seeking to upgrade their living arrangements within established residential estates, even as market conditions remain challenging. This repeat-purchase pattern among existing residents indicates strong satisfaction with the project's quality and amenities, while highlighting the limited supply of large-format units that combine ready-to-move-in convenience with comprehensive facilities in a low-density environment .
The transaction underscores persistent demand from Hong Kong families seeking to upgrade their living arrangements within established residential estates, even as market conditions remain challenging. This repeat-purchase pattern among existing residents indicates strong satisfaction with the project's quality and amenities, while highlighting the limited supply of large-format units that combine ready-to-move-in convenience with comprehensive facilities in a low-density environment .