Luxury Tuen Mun Flat Sold for HK$12.95M as Low-Density Projects Attract Buyers
SingTao · 2 SOURCESabout 4 hours ago4 MIN
Summary
Road King Properties' Hoi Wo Shan (凱和山) development in Tuen Mun recorded another sale on Saturday, with a 1,023-sq-ft three-bedroom unit fetching HK$12.95 million. The transaction at Tower 2 includes a parking space, translating to a net price of HK$12,659 per sq ft. Industry executives note that buyers are increasingly prioritizing practical living space and functional layouts over other factors.
Key Points
- The sold unit is Flat E on 8/F of Tower 2, featuring three bedrooms with one ensuite bathroom and a maid's room, with a saleable area of 1,023 sq ft
- The total consideration of HK$12.95 million includes a parking space, representing a net price of HK$12,659 per sq ft
- The property belongs to the Mori Signature Series within the low-density Hoi Wo Shan project, which offers comprehensive clubhouse facilities
- Road King Properties sales and marketing director Karen Ngan (顏景鳳) noted that buyers now prioritize practical living needs, including spatial layout and functionality, alongside location and amenities
- The transaction reflects continued market recognition for quality residential units that balance spatial advantages with reasonable pricing in Hong Kong's property market
Why It Matters
The sale underscores the resilience of Hong Kong's luxury residential market, particularly for low-density developments offering generous living spaces. As home buyers increasingly value practical floor plans and functional layouts, developers focusing on spacious units with sensible designs may gain a competitive edge in the market.
The sale underscores the resilience of Hong Kong's luxury residential market, particularly for low-density developments offering generous living spaces. As home buyers increasingly value practical floor plans and functional layouts, developers focusing on spacious units with sensible designs may gain a competitive edge in the market.