Recent transactions in the secondary market have shown steady activity, with many first-time buyers making purchases in mid-to-low price estates. Notably, sales of relatively new properties have occurred, such as a unit at Da Pu's Shangran Estate. A 301-square-foot one-bedroom flat in the lower-level A6 in Shangran 2 building sold for 4.09 million Hong Kong dollars, with a price per square foot of 13,588. The original owner bought the unit for approximately 3.619 million Hong Kong dollars last year, and after holding it for about one year, the owner achieved a profit of about 471,000 Hong Kong dollars, or a 13% increase. Another similar unit in the same building, lower-level A5, also sold for 4.00 million Hong Kong dollars last month, recording a price per square foot of 13,289. The original owner of this unit purchased it for about 3.721 million Hong Kong dollars last year and sold it for a profit of about 279,000 Hong Kong dollars, resulting in a 7.5% increase in value over the year. In another transaction, a 390-square-foot 1-bedroom flat in Tai Kwun's Tao Tai Gardens D building, recorded a sale price of 5.138 million Hong Kong dollars. This represents a price per square foot of 13,174. A high-level manager from Li GungPropertyValue indicated that a 244-square-foot open-plan flat in Laikwan's Le Faang Estate sold for 3.9 million Hong Kong dollars, with the buyer being another first-time buyer. The original owner purchased the property in 2007 for about 1.3 million Hong Kong dollars and, after holding it for 19 years, achieved a profit of about 2.6 million Hong Kong dollars, experiencing a doubling of its value.
A 301-square-foot one-bedroom flat in Da Pu's Shangran Estate sold for 4.09 million Hong Kong dollars, with a price per square foot of 13,588. The original owner bought the unit for approximately 3.619 million Hong Kong dollars last year and sold it for a profit of about 471,000 Hong Kong dollars, or a 13% increase. Another unit in the same building, lower-level A5, also sold for 4.00 million Hong Kong dollars last month, recording a price per square foot of 13,289. The original owner purchased this unit for about 3.721 million Hong Kong dollars last year and sold it for a profit of about 279,000 Hong Kong dollars, resulting in a 7.5% increase in value.
Transactions of relatively new properties in the secondary market have been making headlines, highlighting the steady activity in the housing market. For instance, a 301-square-foot one-bedroom flat in the lower-level A6 of Da Pu's Shangran Estate sold for 4.09 million Hong Kong dollars, resulting in a 13% increase in value for the original owner who had bought it for around 3.619 million Hong Kong dollars one year prior. Meanwhile, a similar unit in Shangran 2, the lower-level A5, also had a buyer at 4.00 million Hong Kong dollars, reflecting a 7.5% increase. These transactions signify continued interest in mid-to-low priced properties, particularly from first-time buyers.