Short-Term Flipping Profits Resurface in Hong Kong's Secondary Property Market
On.cc · 1 SOURCESabout 18 hours ago2 MIN
Summary
Hong Kong's secondary property market has recorded multiple short-term flipping transactions with notable gains, led by a Kowloon open-plan unit that appreciated 17.6% in about 1.5 years . The unit at Cullinan West IIA in Southwest Kowloon was resold for approximately HK$6 million, generating a paper profit of about HK$900,000 for the original owner who purchased it in January 2025 . Other transactions across various districts show mixed results, with some long-term holders realizing substantial gains while others faced losses after holding properties for several years .
Key Points
- A 267 sq ft open-plan unit at Cullinan West IIA Tower 2B High Floor H sold for about HK$6 million at HK$22,472 per sq ft, with the original owner buying it for HK$5.1 million in January 2025 and flipping it for a HK$900,000 gain after roughly 1.5 years .
- A 428 sq ft two-bedroom unit at Oasis Kai Tak Tower 2B Low Floor D in Kowloon Bay sold for HK$7.03 million, with the original owner who bought it in May 2024 for HK$6.51 million making a HK$520,000 paper profit after about two years .
- A 1,199 sq ft four-bedroom unit at St. Martin Tower 1 Middle Floor A in Ma On Shan fetched HK$17.78 million, with the seller who purchased it in 2024 for HK$14.8 million gaining approximately HK$2.98 million in about two years .
- A 962 sq ft three-bedroom unit at Dragon Garden Tower 2 Low Floor A in Tai Hang sold for HK$17.38 million including a parking space, with the original owner who bought it in 1990 for about HK$2.3 million realizing a massive paper profit of about HK$15.08 million .
- Not all transactions were profitable: a 385 sq ft one-bedroom unit at The Pavilia Hill Middle Floor F in Shau Kei Wan sold for HK$6.2 million, but the original owner who purchased it in November 2019 for HK$8.671 million suffered a paper loss of about HK$2.471 million, with the property depreciating approximately 29% .
Why It Matters
The resurgence of short-term flipping activity signals renewed speculative confidence in Hong Kong's property market after years of decline, though the mixed results across different districts and holding periods highlight persistent market volatility . The contrast between quick profits on newer properties and substantial losses on longer-held units suggests that timing and location remain critical factors for investors navigating the city's unpredictable real estate landscape .
The resurgence of short-term flipping activity signals renewed speculative confidence in Hong Kong's property market after years of decline, though the mixed results across different districts and holding periods highlight persistent market volatility . The contrast between quick profits on newer properties and substantial losses on longer-held units suggests that timing and location remain critical factors for investors navigating the city's unpredictable real estate landscape .