Mei Foo flat gains HK$730,000, Liberte loses HK$890,000
On.cc · 1 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong’s secondary residential market saw mixed resale outcomes in deals reported on October 23. The headline transactions were a short-term profitable sale at Mei Foo Sun Chuen in Lai Chi Kok and a loss-making sale at Liberte in Cheung Sha Wan, showing that gains and losses are still appearing side by side across estates and holding periods. Other deals in the same market update ranged from long-term gains in older estates to losses in some newer or higher-entry purchases, with transaction prices spanning from HK$3.83 million to HK$23.1 million
Key Points
- A mid-floor Flat C at 10 Nassau Street, Phase 5 of Mei Foo Sun Chuen, with 507 square feet of saleable area, sold for about HK$6.23 million, or roughly HK$12,288 per square foot
- The Mei Foo seller bought the two-bedroom unit in May last year for about HK$5.5 million and exited after nearly one and a half years with a paper gain of about HK$730,000
- At Liberte, a mid-floor Flat B in Tower 6 with 607 square feet and a three-bedroom layout sold for HK$10.53 million after about three months on the market, or HK$17,348 per square foot
- The Liberte owner had purchased the flat in May 2021 for about HK$11.42 million, resulting in a paper loss of about HK$890,000 when sold to a same-district family buyer
- The broader batch of deals included profits at Robinson Place, Metro Harbour View, The Harbourside and City One Shatin, but losses at Les Saisons, The Campton, One Innovale and Dragons Range
Why It Matters
For Hong Kong buyers and owners, the latest transactions show that resale performance remains highly estate-specific, with entry price and holding period still crucial to whether a seller can exit in profit. The mix of short-term gains, long-term appreciation and recent-book losses also suggests that headline market direction alone does not determine individual outcomes in the secondary market