Regal Summit four-bedroom flat sells for HK$38.9 million
AM730 · 2 SOURCESabout 2 hours ago4 MIN
Summary
A large four-bedroom apartment at Regal Summit in Kau To Shan, Sha Tin, was sold by tender on September 23 for HK$38.9 million, according to the developer and local media reports. The unit measured 2,023 square feet in saleable area, translating into about HK$19,228 per square foot, and the transaction was the project’s second deal this month
Key Points
- The unit sold was Flat A on the 2nd floor of Tower 3, with a saleable area of about 2,023 square feet and a four-bedroom, four-en suite layout
- The transaction price was HK$38.9 million by tender, equivalent to roughly HK$19,228 per square foot based on the reported saleable area.
- The buyer was granted a 180-day completion period, while the stated price did not include a parking space
- Although no parking bay was bundled into the deal, the purchaser received the right to subscribe for one residential parking space
- Regal Property Agency director Wai Chun-sing (衞振聲) said this was the project’s second sale this month, and both involved large four-bedroom, four-en suite units
Why It Matters
The sale adds to recent primary-market activity in Hong Kong’s luxury residential segment, particularly for larger homes in low-density districts such as Kau To Shan. The developer’s comment that the luxury market was unaffected by last week’s US rate increase points to continued confidence among high-end buyers despite tighter global borrowing conditions