CK Asset Sells Furnished 4-Bed Flat at Ming Day Kau To Shan for HK$26.78M
AM730 · 2 SOURCESabout 4 hours ago2 MIN
Summary
CK Asset Holdings (stock code: 1113) has achieved another sale at its completed luxury residential project Ming Day Kau To Shan in Sha Tin. The transaction involved a four-bedroom dual en-suite unit with a workroom and bathroom, sold fully furnished with luxury finishes for HK$26.78 million, or HK$21,843 per square foot. According to sources, the buyer is a local businessperson who regularly commutes between Hong Kong, mainland China and international destinations. After touring the show units, the buyer was attracted by the project's convenient transportation links, unobstructed sea views, and the convenience of a fully furnished residence, prompting a swift purchase before any price adjustments. CK Asset's sales manager Chan Hun-wing noted that the project has been well-received, with 242 units sold to date and only 24 remaining sea-view residences available.
Key Points
- The sold unit is Flat C on the 20th floor of Tower 1 at Ming Day Kau To Shan, featuring a four-bedroom dual en-suite layout with a workroom and bathroom
- The transaction price reached HK$26.78 million, translating to HK$21,843 per square foot; the unit was sold with luxury finishes and full furniture
- The buyer is identified as a local entrepreneur who frequently travels between Hong Kong, mainland China and overseas destinations for business
- The buyer cited the project's proximity to border crossings and the airport as key factors, along with its Tseung Kwan O sea views and turnkey convenience
- As of September 17, the development has cumulative sales of 242 units, generating over HK$3.85 billion in total revenue
Why It Matters
The transaction demonstrates continued demand for premium residential properties in Hong Kong's New Territories, even as the luxury market faces headwinds. With only 24 sea-view units remaining, the project is approaching its final sales phase, signalling strong absorption of high-end inventory in the Sha Tin corridor. The buyer's decision to acquire a fully furnished unit as a vacation home reflects a niche segment of wealthy local purchasers seeking hassle-free luxury accommodations without the burden of renovation.
The transaction demonstrates continued demand for premium residential properties in Hong Kong's New Territories, even as the luxury market faces headwinds. With only 24 sea-view units remaining, the project is approaching its final sales phase, signalling strong absorption of high-end inventory in the Sha Tin corridor. The buyer's decision to acquire a fully furnished unit as a vacation home reflects a niche segment of wealthy local purchasers seeking hassle-free luxury accommodations without the burden of renovation.