Sheung Shui flat with parking sold for HK$9.38 million
On.cc · 1 SOURCESabout 3 hours ago1 MIN
Summary
A three-bedroom en-suite flat with a parking space at Greenpark Villa in Sheung Shui was sold for HK$9.38 million after the buyer viewed the property for just one day. The buyer, a cross-border businessman who frequently works in Shenzhen, purchased the home for self-use at HK$9,957 per square foot.
Key Points
- Midland Realty's Wong Tsz-chiu said Flat F, Block 7 of Greenpark Villa has a saleable area of about 942 square feet and a three-bedroom en-suite layout.
- The unit had been marketed at HK$9.8 million with a parking space before being sold for HK$9.38 million, implying a price cut of HK$420,000.
- The purchaser was described as a China-Hong Kong businessman who often commutes to Shenzhen for work and decided to buy after one day of viewings.
- The transaction price worked out to about HK$9,957 per square foot, and the buyer intended to use the property as a residence.
- The seller bought the flat in November 2015 for HK$7.79 million and is set to record a book gain of HK$1.59 million, or about 20%.
Why It Matters
The deal shows that homes in northern Hong Kong with cross-border commuting convenience can still attract decisive owner-occupiers even when sellers need to trim asking prices.
It also indicates that parking-inclusive family units in Sheung Shui remain relevant to buyers whose daily routines are tied to Shenzhen and the boundary area.