Green Form Buyer Reapplies for Purchase Certificate, Buys Tin Ching Court Three-Bed Flat for HK$5M Without Premium
AM730 · 1 SOURCES1 day ago2 MIN
Summary
A green form buyer has completed the purchase of a three-bedroom flat at Tin Ching Court in Tin Shui Wai for HK$5 million without paying the land premium, after first reapplying for an expired purchase certificate. The 650-sq-ft unit on the highest floor of Block N (Shing Chun House) features a southeast-facing orientation and open views. The former owner, who acquired the property in 2012 for approximately HK$1.83 million, realized a paper profit of about HK$3.17 million after holding for 14 years. The transaction price of approximately HK$7,692 per sq ft reflects market norms for HOS properties in the area.
Key Points
- The property at Tin Ching Court Block N, Shing Chun House, top floor, Unit 06, spans 650 sq ft with a three-bedroom layout and southeast orientation .
- The green form buyer visited Ricacorp Properties' Tin Shui Wai branch to inquire and subsequently arranged viewings before deciding to purchase .
- The buyer reactivated an expired purchase certificate, successfully completing the transaction at HK$5 million (premium unpaid) .
- The unit's price of approximately HK$7,692 per sq ft is considered reasonable for the current market conditions .
- The previous owner purchased the flat for about HK$1.83 million in 2012, earning a paper profit of roughly HK$3.17 million over 14 years .
Why It Matters
Tin Shui Wai's HOS estates continue attracting buyers seeking high utility rates and comprehensive amenities, with proximity to the MTR station enhancing appeal. The case illustrates how green form buyers actively re-enter the market by renewing expired purchase certificates when they identify suitable properties, suggesting resilient demand in the secondary HOS market despite broader property market fluctuations.
Tin Shui Wai's HOS estates continue attracting buyers seeking high utility rates and comprehensive amenities, with proximity to the MTR station enhancing appeal. The case illustrates how green form buyers actively re-enter the market by renewing expired purchase certificates when they identify suitable properties, suggesting resilient demand in the secondary HOS market despite broader property market fluctuations.