Cheung Sha Wan Property Sold for 8.78M After 25-Year Hold, 2.5x Profit
On.cc · 1 SOURCESabout 2 hours ago6 MIN
Summary
The Hong Kong secondary property market continues to see long-term investors capitalizing on decades of appreciation. A mid-floor unit at Bayview (灝景灣) in Tsing Yi was sold for HK$8.78 million after less than a month on the market, representing a price reduction of HK$720,000 from the asking price. The original owner, who purchased the property for approximately HK$2.491 million in 2001, held the 499-square-foot flat for about 25 years, recording a paper profit of approximately HK$6.289 million and a value increase of approximately 2.5 times .
Key Points
- The Bayview transaction involved Tower 10, middle floor, Flat B, with a sale price of HK$8.78 million translating to HK$17,595 per square foot
- Park Island in Ap Lei Chau recorded two transactions over the weekend, including a 526-square-foot unit at Tower 2, high floor, Flat E sold for HK$7.696 million (HK$14,631 psf) and a 748-square-foot four-bedroom unit at Tower 7, mid-low floor, Flat B fetching HK$11.28 million (HK$15,080 psf)
- Mei Lun Court on Broadcast Drive in Kowloon Tong saw a 685-square-foot three-bedroom unit with domestic helper's suite sold for HK$8.38 million (HK$12,234 psf); the owner purchased in September 2012 for HK$6.55 million, yielding a HK$1.83 million profit after 14 years
- City One Shatin's Green Villa Tower 1, low floor, Flat D (420 sq ft one-bedroom) changed hands for HK$4.58 million (HK$10,905 psf) in the unsupplemented secondary market, with the owner who bought from developer in October 2016 for HK$2.99 million making a 53% gain
- The Township in Ma On Shan Tower 5A, middle floor, Flat B (797 sq ft three-bedroom with en-suite) was sold for HK$10.55 million (HK$13,237 psf) to an upgrading buyer; the previous owner purchased for HK$6.64 million in 2010, earning HK$3.91 million or 58% appreciation over 16 years
Why It Matters
The Bayview sale underscores how Hong Kong's property market continues to reward long-term holders, with 25-year ownership generating returns that far outpace inflation and traditional investment instruments. These transactions across multiple districts—from luxury developments in Kowloon Tong to mass-market estates in Tuen Mun—reflect persistent demand from both end-users and investors seeking tangible assets in a lower-for-longer interest rate environment .
The Bayview sale underscores how Hong Kong's property market continues to reward long-term holders, with 25-year ownership generating returns that far outpace inflation and traditional investment instruments. These transactions across multiple districts—from luxury developments in Kowloon Tong to mass-market estates in Tuen Mun—reflect persistent demand from both end-users and investors seeking tangible assets in a lower-for-longer interest rate environment .