Tin Hau Park View and Taikoo Shing Units Sold as Upgraders Return
SingTao · 1 SOURCESabout 5 hours ago5 MIN
Summary
Two significant residential transactions in Hong Kong's Eastern District were recorded on Wednesday, 23 September 2026, reflecting renewed confidence among home upgraders in the local property market. A three-bedroom unit at Park View (栢景臺), located directly above Tin Hau MTR Station, was sold for HK$19.4 million, marking the first deal in the development this month. Separately, a flat at Taikoo Shing (太古城) was snapped up for HK$16.3 million as market conditions showed signs of stabilisation.
Key Points
- The unit at Park View Tower 2, Mid-floor Flat F, spans 910 square feet with a three-bedroom, one-ensuite layout plus domestic helper's quarters, facing southeast with views of the eastern hills and Causeway Bay Sports Ground .
- The property was listed at HK$19.5 million before the buyer, an upgrader seeking proximity to Tin Hau Station and the Causeway Bay core, negotiated the price down to HK$19.4 million, translating to approximately HK$21,319 per square foot .
- The previous owner purchased the unit in 1996 for HK$9.2 million and held it for three decades, netting a paper profit of HK$10.2 million—representing a 1.1-fold appreciation in value .
- At Taikoo Shing's Zihua Pavilion, a mid-high floor Flat E of about 922 square feet with three bedrooms and one ensuite was sold after the seller accepted HK$16.3 million, down from the asking price of HK$16.9 million .
- The Taikoo Shing buyer, also an upgrader, was attracted by the spacious layout and affordable price point; the seller, who acquired the flat in May 2014 for HK$12.8 million, made a gain of approximately HK$3.5 million over 12 years .
Why It Matters
The twin transactions underscore a gradual recovery in high-end residential sentiment along the Hong Kong Island East corridor, where elderly owners divesting after decades of ownership are meeting buyers with clear upgrade motivations. With mortgage rates stabilising and cross-border travel flows supporting retail activity in Causeway Bay, real estate agents anticipate further transaction momentum heading into the year-end season .
The twin transactions underscore a gradual recovery in high-end residential sentiment along the Hong Kong Island East corridor, where elderly owners divesting after decades of ownership are meeting buyers with clear upgrade motivations. With mortgage rates stabilising and cross-border travel flows supporting retail activity in Causeway Bay, real estate agents anticipate further transaction momentum heading into the year-end season .