Notorious Telford Gardens Murder Unit Pulled from Auction at HK$3M Negotiation
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
A notorious Kowloon Bay apartment connected to Hong Kong's infamous 1998 five-body feng shui murder case has been withdrawn from auction after negotiations reportedly pushed the price above HK$3 million. The unit at Telford Gardens Block C, Middle Floor 01, was pulled from Chung Chong Auction on September 16, 2026, just three weeks after being relisted at HK$2.98 million—a 29.6 percent increase from its previous failed attempt in March. The 556-square-foot, two-bedroom unit is currently rented at HK$12,000 per month with the tenancy expiring September 17.
Key Points
- The property at Telford Gardens Block C, Middle Floor 01 spans 556 sq ft with a 2-bedroom layout, listed at HK$2.98 million before the auction was cancelled .
- Negotiations have since moved above HK$3 million, with potential closing prices estimated between HK$3.8-4 million according to market sources .
- The unit is rented at HK$12,000/month with tenancy expiring September 17, 2026; no physical viewings were permitted during the listing period .
- Banks have valued comparable normal units at approximately HK$5.7 million, offering the stigmatized unit a discount exceeding 40 percent even at HK$4 million .
- The original owner purchased the unit in August 2007 for HK$1.1 million, and attempted to sell at HK$4.98 million in 2025 before switching to auction .
Why It Matters
The stigmatized property market in Hong Kong remains active despite the financing challenges. Major banks including Bank of China and HSBC have declined to provide online valuations for this unit, meaning buyers must prepare for full cash payment. This reflects a niche but persistent segment of Hong Kong's property market where discounted prices and unique investment dynamics attract specialized buyers willing to overlook a property's dark history.
The stigmatized property market in Hong Kong remains active despite the financing challenges. Major banks including Bank of China and HSBC have declined to provide online valuations for this unit, meaning buyers must prepare for full cash payment. This reflects a niche but persistent segment of Hong Kong's property market where discounted prices and unique investment dynamics attract specialized buyers willing to overlook a property's dark history.