Tai Po and Ma On Shan Properties Sold at Combined Loss of Over HK$2 Million
SingTao · 1 SOURCESabout 4 hours ago2 MIN
Summary
Two residential property transactions were recorded in Hong Kong's New Territories on Friday, September 4, 2026, with both sellers incurring paper losses despite the recent improvement in market sentiment. The larger deal involved a three-bedroom unit at Tai Po's Mount Austin development, while the second transaction concerned a two-bedroom flat in Ma On Shan.
Key Points
- A 947-sq-ft three-bedroom unit at Mount Austin Tower 6, Middle Floor, Flat G in Tai Po was sold for HK$9.538 million (HK$10,072 per sq ft), with the original owner purchasing the property in 2019 for HK$11 million and holding it for approximately seven years, resulting in a paper loss of HK$1.462 million .
- The buyer of the Mount Austin unit was attracted by the estate's comprehensive facilities and suitable layout, deciding to purchase the property for self-occupation .
- In Ma On Shan, a 338-sq-ft two-bedroom unit at New Town Centre Block F, Middle Floor, Flat 03 was sold for HK$5.75 million (HK$17,012 per sq ft) .
- The New Town Centre seller purchased the property in 2021 for HK$6.45 million, held it for approximately five years, and recorded a paper loss of approximately HK$700,000 .
- Both transactions were facilitated by agents from Centaline Property Agency, with senior district sales managers handling the deals amid what sources describe as improving market conditions .
Why It Matters
These transactions illustrate that even with improved market sentiment, property owners in Hong Kong's suburban districts continue to face challenges in recouping their original investments. The losses incurred by long-term holders underscore the impact of interest rate movements and broader economic conditions on residential property values in the New Territories, which remain a popular choice for first-time buyers and upgraders seeking more space at comparatively lower price points than Hong Kong Island or Kowloon .
These transactions illustrate that even with improved market sentiment, property owners in Hong Kong's suburban districts continue to face challenges in recouping their original investments. The losses incurred by long-term holders underscore the impact of interest rate movements and broader economic conditions on residential property values in the New Territories, which remain a popular choice for first-time buyers and upgraders seeking more space at comparatively lower price points than Hong Kong Island or Kowloon .