Cheung Sha Wan Condo Sold for HK$6.5M with 23% Gain After Two Years
On.cc · 1 SOURCESabout 3 hours ago5 MIN
Summary
Property prices have rebounded from their lows, with the market regularly recording profitable short-term buy-sell transactions. A one-bedroom unit at Yat Yuet Court (瑜悅) in Cheung Sha Wan recently changed hands for HK$6.5 million, enabling the previous owner to cash out with a paper profit of approximately HK$1.208 million, representing a gain of around 22% after holding the property for nearly two years . Multiple other districts across Hong Kong also reported successful transactions during this period, illustrating the overall strength of the secondary property market.
Key Points
- Yat Yuet Court high-floor Unit G, 350 sq ft sale at HK$6.5 million (HK$18,571 per sq ft) delivered owner profit of HK$1.208 million after purchase at ~HK$5.292 million in November 2024
- Sai Ying Pun Gou Ya Court low-floor Unit G, 311 sq ft sold for HK$5.06 million (HK$16,270 per sq ft) to an out-of-district buyer seeking proximity to MTR and practical layout
- Ma On Shan Ting Tao Nga Yuen Unit G, 755 sq ft three-bedroom sold for HK$8.78 million (HK$11,629 per sq ft) after 28-year holding period, generating HK$3.97 million profit (82% gain)
- Tseung Kwan O Grandeur 1 Unit G, 738 sq ft three-bedroom with helper's room fetched HK$13.18 million (HK$17,859 per sq ft), with original buyer from 2015 earning HK$4.762 million (56.6% gain)
- Tin Shui Wai Kingswood Villa Unit E, 448 sq ft two-bedroom with sea view sold for HK$4.43 million (HK$9,888 per sq ft), with owner profiting HK$3.33 million after 21 years (over 3x increase)
Why It Matters
These transactions demonstrate renewed confidence in Hong Kong's property market, with buyers actively entering the market and sellers successfully capitalizing on short-term gains . The varied profit margins across different districts and holding periods reflect a maturing recovery in the property sector, potentially signaling sustained momentum for the housing market as positive sentiment continues to drive participation .
These transactions demonstrate renewed confidence in Hong Kong's property market, with buyers actively entering the market and sellers successfully capitalizing on short-term gains . The varied profit margins across different districts and holding periods reflect a maturing recovery in the property sector, potentially signaling sustained momentum for the housing market as positive sentiment continues to drive participation .