Hong Kong Property Market Sees Mixed Fortunes as Long-term Owners Profit, Recent Buyers Face Losses
On.cc · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong's secondary property market showed mixed outcomes in mid-September 2026, with long-term owners generally recording substantial profits while some recent buyers faced losses. A three-bedroom unit at Kingswood Villa in Tin Shui Wai sold for HK$5.75 million after the owner held it for approximately 30 years, generating a paper profit of about HK$3.94 million . In contrast, a two-bedroom flat at Silverstrand Garden in Fo Tan changed hands at HK$6.58 million, representing an 8-year paper loss of HK$810,000 for the original owner who purchased in 2018 at HK$7.39 million .
Key Points
- The three-bedroom unit at Kingswood Villa Phase 12 Tower A, measuring 635 sq ft saleable area, was sold by a buyer who acquired the property in February 1996 for approximately HK$1.81 million, yielding a gain of roughly 217% over three decades .
- Silverstrand Garden Tower 3 mid-floor flat of 510 sq ft saleable area was sold by an owner who bought in 2018 for HK$7.39 million, marking an 11% depreciation in value over eight years .
- Tai Kung Yuen in Quarry Bay saw a 582 sq ft two-bedroom flat at Golden Mountain Block B lower floor sold for HK$9.628 million, with the original owner purchasing in 2011 for HK$6.28 million, recording a 53% gain over 15 years .
- Oxford Station's Maritime Crescent Tower 2 saw a 448 sq ft two-bedroom unit sold with tenancy for HK$9.5 million, yielding a rental yield of approximately 2.8% and a four-year paper loss of HK$500,000 for the seller .
- Ma On Shan recorded approximately 35 secondary transactions in September, a 20% increase compared to the previous month, including a 506 sq ft flat at Kam Tai Court sold for HK$5.08 million .
Why It Matters
The divergent outcomes between long-term property holders and recent purchasers reflect the current complexity in Hong Kong's property market, where timing of entry significantly impacts returns. This trend may influence buyer behaviour and investment strategies in the secondary market, particularly as economic uncertainty continues to affect property valuations across different districts and property types .
The divergent outcomes between long-term property holders and recent purchasers reflect the current complexity in Hong Kong's property market, where timing of entry significantly impacts returns. This trend may influence buyer behaviour and investment strategies in the secondary market, particularly as economic uncertainty continues to affect property valuations across different districts and property types .