Pak Shek Kok Flat Sold at HK$4.1 Million After Four-Month Hold
On.cc · 1 SOURCESabout 2 hours ago4 MIN
Summary
A property transaction in Tai Po's Pak Shek Kok district has captured attention for its quick turnaround. A studio unit at Ocean One II (海日灣II) changed hands for HK$4.1 million, representing a modest but swift profit for the seller after a brief holding period.
Key Points
- The transaction involved Unit B on the middle floor of Tower 7 at Ocean One II, measuring 243 square feet in gross area
- The unit sold for HK$4.1 million after negotiations, translating to HK$16,872 per square foot; the buyer was an investor anticipating roughly 4 percent rental yield
- The previous owner purchased the property in April 2026 for approximately HK$3.91 million and sold it about four months later, booking a paper gain of HK$190,000 or 5 percent
- Secondary market transactions across Hong Kong showed strong activity, including a North Point property that yielded HK$2.6 million profit over 16 years and a Tuen Mun sale that generated HK$4.43 million in gains
- New development units also traded actively, with a YOHO WEST PARKSIDE unit purchased in March 2025 for HK$5.13 million resold for HK$6.15 million, representing a 20 percent increase
Why It Matters
This transaction reflects the continued vibrancy of Hong Kong's small-unit property market, where investors target high rental yields amid uncertain interest rate expectations. The quick profit-taking by the Ocean One II seller illustrates how favourable market conditions allow property owners to flip units rapidly, contributing to overall market liquidity in the residential sector .
This transaction reflects the continued vibrancy of Hong Kong's small-unit property market, where investors target high rental yields amid uncertain interest rate expectations. The quick profit-taking by the Ocean One II seller illustrates how favourable market conditions allow property owners to flip units rapidly, contributing to overall market liquidity in the residential sector .