Mid-Priced Estates See Market Deals as Owners Profit
SingTao · 2 SOURCESabout 17 hours ago2 MIN
Summary
Hong Kong’s secondary residential market continued to show stable momentum, with several mid-priced estates recording transactions at around market levels across Cheung Sha Wan, Shau Kei Wan and Yuen Long . The headline deal was a low-floor two-bedroom flat at Liberte in Tower 7, sold for HK$8.35 million, or HK$16,151 per square foot, after a HK$300,000 price reduction from the initial HK$8.65 million asking price . The seller, who bought the flat in March 2012 for HK$4.1 million, booked a paper gain of HK$4.25 million after holding it for more than 14 years, representing appreciation of more than 100% . Other deals showed more mixed outcomes, including a sizeable loss at The Met. Acappella and moderate gains at AquaMarine and Sun Yuen Long Centre .
Key Points
- Centaline’s Hui Wing-sang said Liberte Tower 7 low-floor Flat F, 517 square feet, sold for HK$8.35 million at HK$16,151 per square foot .
- The Liberte flat was first listed at HK$8.65 million, then reduced by HK$300,000 before completion as the project’s first deal this month .
- The seller bought the Liberte unit for HK$4.1 million in March 2012 and made a paper profit of HK$4.25 million after 14 years .
- Midland reported AquaMarine Tower 5 low-floor Flat F, 494 square feet, changed hands for about HK$8.28 million, generating a gain of about HK$1.53 million .
- In Shau Kei Wan, The Met. Acappella high-floor Flat F sold for HK$6.38 million, with the 2022 buyer taking a paper loss of HK$1.919 million .
Why It Matters
These transactions suggest that demand for mid-priced homes remains resilient when flats are priced close to market expectations, even as sellers’ outcomes vary sharply depending on purchase timing . The contrast between long-term gains at older holdings and recent losses at newer purchases highlights how Hong Kong’s secondary market is stabilising unevenly across projects, districts and entry points . Investor participation in selected units also indicates that rental return remains part of the buying equation in the current market .