business · AM730

Hong Kong Secondary Property Market Sees Two Divergent Deals as Garden Units Trade at Loss

AM730 · 2 SOURCESabout 3 hours ago4 MIN

Summary

Hong Kong's secondary property market presented contrasting stories this week as two residential transactions illustrated the divergent fortunes of flat owners. In Ma On Shan, a three-bedroom unit at Fu Po Garden changed hands for HK$4.45 million, with the original owner having purchased the property in 1993 and enjoying substantial gains over three decades. In Tuen Mun, a ground-floor unit with exclusive garden access at La Casa sold at a significant loss, with the seller enduring a paper loss of nearly HK$3.37 million from their 2018 acquisition.

Key Points

The Ma On Shan Fu Po Garden unit spans 592 square feet with three bedrooms, featuring quality interior finishes and an open garden view .
The Tuen Mun La Casa 3B ground-floor unit offers 737 square feet of internal area plus an approximately 775-square-foot private garden .
Fu Po Garden, built in 1993, comprises 12 blocks with 4,200 units located at 6 Kam Ying Road in Ma On Shan .
The La Casa unit was purchased by a local resident who enjoys gardening, with the garden space being a key attraction .
Property agents from Best Goal Property (萬方地產) and Eagle Property (晉誠地產) facilitated the respective transactions .

Why It Matters

The two transactions underscore the uneven recovery in Hong Kong's property market, where older assets in established districts continue to appreciate over long holding periods while newer developments in the New Territories face ongoing price pressure. These contrasting outcomes highlight the importance of location, property age, and market timing in determining investment performance in Hong Kong's volatile property sector .