Mainland Buyer Pays HK$13M for Tai Wai Property, Reaping HK$1.9M Profit
SingTao · 2 SOURCESabout 2 hours ago5 MIN
Summary
A residential transaction at The Pavilia Bay (柏傲莊) in Tai Wai has highlighted brisk market activity driven by positive sentiment. A two-bedroom unit on the lower floor of Block 1A changed hands for HK$13 million, translating to a sale price of approximately HK$24,668 per sq ft of net usable area. The seller, who had acquired the 527-sq-ft flat in April 2026 for HK$11.1 million, realized a paper profit of HK$1.9 million after holding the property for merely four months—a gain of 17.1 percent. The buyer, identified as a mainland visitor, decided to purchase the unit for personal use after being impressed by the estate's amenities and environment.
Key Points
- The transaction involved Unit C on the lower floors of Block 1A, The Pavilia Bay, with a net usable area of 527 sq ft and a two-room layout .
- The agreed sale price was HK$13 million, equating to approximately HK$24,668 per sq ft after negotiations .
- The previous owner purchased the unit in April 2026 for HK$11.1 million and sold it approximately four months later for a profit of HK$1.9 million .
- The new buyer is a mainland visitor who chose the property for self-occupancy, citing the estate's comfortable environment and reasonable pricing as key factors .
- The Pavilia Bay, located at 18 Che Kung Temple Road near Tai Wai Station, was completed in 2023 and comprises 14 towers across three phases with a total of 3,090 units .
Why It Matters
The swift appreciation of this Tai Wai property illustrates how strategic timing and location near MTR stations continue to drive value growth in Hong Kong's secondary new-build market. The transaction also underscores the persistent demand from mainland buyers for well-positioned residential units in Hong Kong, contributing to the overall vibrancy of the local property sector amid improving market sentiment .
The swift appreciation of this Tai Wai property illustrates how strategic timing and location near MTR stations continue to drive value growth in Hong Kong's secondary new-build market. The transaction also underscores the persistent demand from mainland buyers for well-positioned residential units in Hong Kong, contributing to the overall vibrancy of the local property sector amid improving market sentiment .