Sai Sha SIERRA SEA 3-Bed Unit Sold for HK$8.4M, Seller Profits Over HK$2.5M in 14 Months
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
A three-bedroom unit at SIERRA SEA in Sai Sha was transacted for HK$8.398 million, with the seller earning a profit exceeding HK$2.5 million after holding the property for approximately one year and four months. The buyer was an upgrading homeowner who decided to purchase the unit for self-occupation after considering its suitable layout and reasonable price. Market data indicates that the Ma On Shan secondary market has shown notable momentum, with transaction volume climbing roughly 30 percent compared to the previous month.
Key Points
- The property at SIERRA SEA Phase 1A(2) Tower 5 Mid Floor Flat A, with a saleable area of 531 sq ft, was sold for HK$8.398 million, translating to HK$15,815 per sq ft .
- The previous owner acquired the unit in May 2025 for HK$5.88 million and sold it for HK$8.398 million, generating a paper profit of HK$2.518 million or 42.8 percent .
- Buyer was an upgrading homeowner purchasing for self-occupation, attracted by practical layout and fair pricing .
- Ma On Shan district recorded approximately 53 secondary transactions in the current month, up about 30 percent from the previous month .
- A separate Ma On Shan transaction involved Silver Lake (Yin Wu) Tower 5 High Floor Flat G (695 sq ft, 3-bedroom), sold for HK$10.9 million or HK$15,683 per sq ft, with the seller earning HK$800,000 after three years .
Why It Matters
The SIERRA SEA transaction demonstrates strong capital appreciation potential in the Sai Sha secondary market, with a 42.8 percent return within 14 months significantly outperforming traditional investment benchmarks. The 30 percent month-on-month increase in Ma On Shan secondary transactions suggests renewed buyer confidence in the local property market, potentially signaling a broader recovery trend in Hong Kong's residential sector .
The SIERRA SEA transaction demonstrates strong capital appreciation potential in the Sai Sha secondary market, with a 42.8 percent return within 14 months significantly outperforming traditional investment benchmarks. The 30 percent month-on-month increase in Ma On Shan secondary transactions suggests renewed buyer confidence in the local property market, potentially signaling a broader recovery trend in Hong Kong's residential sector .