First-time Buyer Purchases Three-Bed Unit in Tin Shui Wai for HK$5.88M, Seller Nets HK$942K Profit
SingTao · 2 SOURCESabout 1 hour ago2 MIN
Summary
A first-time buyer has secured a three-bedroom unit at Wetland Seasons Park in Tin Shui Wai for HK$5.88 million, after negotiating a HK$120,000 discount from the original asking price of HK$6 million. The property, located at Block B1, Level Mid, Tower 6, spans 521 square feet and was purchased at HK$11,286 per square foot .
The original owner bought the unit in August 2025 for HK$4.938 million and held it for merely one year before selling due to their child's admission to a preferred school in Kowloon. The seller achieved a paper profit of HK$942,000, reflecting a 19.1% appreciation over the holding period .
Su Zhexi, deputy district sales manager at Centaline Property Agency's Tin Shui Wai Wetland Park Road branch, facilitated the transaction. The buyer was attracted to the well-maintained renovation and peaceful environment of the development .
Key Points
- Unit at Wetland Seasons Park Tower 6 mid-floor, 521 sq ft, 3-bedroom layout sold for HK$5.88M
- Original asking price was HK$6M; buyer negotiated HK$120,000 discount (2%) at HK$11,286 psf
- Previous purchase price was HK$4.938M in August 2025, held only 1 year before resale
- Seller's paper profit reached HK$942,000, representing 19.1% value increase
- Relocation motivated by child's admission to Kowloon school to avoid long commute
- Wetland Seasons Park (9 Wetland Park Road) developed in 3 phases, 1,727 units total
Why It Matters
This transaction demonstrates robust price appreciation in Tin Shui Wai's new development market, with the one-year holding period generating nearly HK$1 million in capital gains for the seller . The case illustrates how school catchment considerations continue to influence property trading decisions in Hong Kong, with families willing to absorb transaction costs for lifestyle improvements, sustaining activity in the secondary market even amid interest rate uncertainties .
Additionally, another notable transaction was recorded at South Bay Crescent in Ap Lei Chau, where a 483-sq-ft two-bedroom unit with mountain and sea views sold for HK$8.68 million to an investor, generating a 2.7% rental yield based on the current monthly rent of HK$19,800. The original owner had purchased the property in 2012 for HK$5.15 million, holding it for 14 years and recording a profit of HK$3.53 million (68.5% appreciation) .
This transaction demonstrates robust price appreciation in Tin Shui Wai's new development market, with the one-year holding period generating nearly HK$1 million in capital gains for the seller . The case illustrates how school catchment considerations continue to influence property trading decisions in Hong Kong, with families willing to absorb transaction costs for lifestyle improvements, sustaining activity in the secondary market even amid interest rate uncertainties .
Additionally, another notable transaction was recorded at South Bay Crescent in Ap Lei Chau, where a 483-sq-ft two-bedroom unit with mountain and sea views sold for HK$8.68 million to an investor, generating a 2.7% rental yield based on the current monthly rent of HK$19,800. The original owner had purchased the property in 2012 for HK$5.15 million, holding it for 14 years and recording a profit of HK$3.53 million (68.5% appreciation) .