Mori Manor House Sold for HK$40m to Mainland Buyer
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
Road King Infrastructure (stock code: 1098) completed a significant residential transaction at Mori Manor in Tuen Mun on Sunday, selling a four-bedroom house to a mainland buyer for HK$40 million. The deal translates to approximately HK$17,000 per square foot, reflecting the continued appetite among affluent mainland purchasers for Hong Kong's low-density housing stock. The property encompasses 2,353 square feet of internal space and comes with three dedicated parking spaces.
Key Points
- Road King Infrastructure (1098) sold a house at Mori Manor in Tuen Mun to a mainland buyer on Sunday for HK$40 million
- The transaction price equates to approximately HK$17,000 per square foot based on the 2,353 square foot property
- The four-bedroom home includes three parking spaces, adding to its appeal for buyers seeking ample living and parking facilities
- Kitty Ngan King-fung, head of sales and marketing at Road King Infrastructure, noted mainland premium buyers' strong interest in low-density houses
- High-quality homes are expected to remain favored by affluent buyers amid continued demand from mainland purchasers
Why It Matters
This transaction underscores the persistent demand from mainland buyers for Hong Kong's premium residential properties, particularly low-density houses that offer larger living spaces and parking amenities. As cross-border wealth continues to flow into Hong Kong's property market, such sales activity may influence pricing trends and inventory availability in the residential sector.
This transaction underscores the persistent demand from mainland buyers for Hong Kong's premium residential properties, particularly low-density houses that offer larger living spaces and parking amenities. As cross-border wealth continues to flow into Hong Kong's property market, such sales activity may influence pricing trends and inventory availability in the residential sector.