YOHO WEST Parkside 2-Bed Unit Sold for HK$5.45M; Original Owner Pocketed Over HK$1M Profit
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Tin Shui Wai's private residential market continues to attract buyer interest, with two separate transactions at the newly completed YOHO WEST Parkside development highlighting strong demand from both local young homebuyers and new Hong Kong residents. The first deal involved a 411-sq-ft two-bedroom unit at Block 1A that sold for HK$5.45 million, while a similar 413-sq-ft unit at Block 1B fetched HK$5.47 million. Both transactions resulted in significant capital gains for the original vendors despite short holding periods of around 1.5 years.
Key Points
- A mid-floor A7 unit at Block 1A, YOHO WEST Parkside, with a saleable area of approximately 411 sq ft in a two-bedroom layout, was sold for HK$5.45 million (HK$13,260 per sq ft)
- The buyer of the Block 1A unit was a local young first-time homebuyer who negotiated the price down from the original asking price of HK$5.7 million
- The original owner purchased the Block 1A property in March 2025 for approximately HK$4.37 million and sold it after holding for about 1.5 years, recording a paper profit of around HK$1.08 million
- A separate mid-floor B7 unit at Block 1B, measuring 413 sq ft with an open kitchen layout, was sold to a new Hong Kong resident for HK$5.47 million (HK$13,245 per sq ft)
- The Block 1B vendor originally bought the unit in April last year for approximately HK$4.575 million, and the property appreciated by nearly 20% during the holding period, generating a profit of about HK$894,800
Why It Matters
The twin transactions underscore Tin Shui Wai's growing appeal to diverse buyer segments, including young local purchasers seeking affordable entry points into the property market and talented professionals immigrating under quality talent schemes. The double-digit price appreciation within 1.5 years reflects the continued vitality of the secondary market in New Territories West, particularly for newer developments near the Light Rail and MTR West RailLine stations that offer improved connectivity to urban centres .
The twin transactions underscore Tin Shui Wai's growing appeal to diverse buyer segments, including young local purchasers seeking affordable entry points into the property market and talented professionals immigrating under quality talent schemes. The double-digit price appreciation within 1.5 years reflects the continued vitality of the secondary market in New Territories West, particularly for newer developments near the Light Rail and MTR West RailLine stations that offer improved connectivity to urban centres .