Returnee Buyer Snaps Up Discounted Three-Bedroom Flat
AM730 · 2 SOURCESabout 2 hours ago2 MIN
Summary
Hong Kong's secondary home market recorded fresh family-flat deals on September 10, with buyers responding quickly to units seen as attractively priced or offering standout layouts and views. In Tin Shui Wai, a returnee purchased a three-bedroom private flat at Central Park Towers for self-use after the price was cut, while in Siu Sai Wan, a public-housing buyer paid above prevailing market levels for a high-floor subsidised flat with sea and sports-ground views.
Key Points
- Centaline's So Chek-hei said Central Park Towers Block 6, low-floor Flat G in Tin Shui Wai, measuring about 588 square feet, sold for HK$5.5 million after being listed at about HK$5.8 million
- The seller bought that Central Park Towers unit in February 2021 for HK$6.4 million and resold at a paper loss of HK$900,000, a decline of about 14% over more than five years
- The new buyer was described as an overseas returnee who chose the flat for owner-occupation, citing its proximity to a large shopping mall, clubhouse facilities and a price below HK$10,000 per square foot
- In Siu Sai Wan, Century 21 Q Power's Chiu Kit-bing said Harmony Garden Block 3, a high-floor Flat K of about 592 square feet, sold in the subsidised secondary market for HK$5.48 million
- That Harmony Garden flat was first listed in July at HK$5.9 million, then cut by HK$420,000 or about 7.1%; its HK$9,257 per square foot price was described as a recent high for the estate's subsidised market
Why It Matters
The two transactions show that family-home demand is still active when pricing matches buyer expectations, even as some owners accept losses and others secure premium prices for rare layouts or views. For Hong Kong readers tracking the market, the contrast suggests the secondary sector is being driven less by broad momentum than by unit-specific value and buyer urgency.