Chung Chao-ki, an operation director at Lik-hooker Estate Agency, said that a duplex unit at Tung Ho, Shim Sham Street in Sai Kung, Upper Half Moon Bay, was sold to an investor for HKD 24 million. The 1073 square foot unit has a two-bedroom layout with a study room and offers city views. The seller agreed to the buyer's immediate request to view and negotiate the purchase, resulting in a transaction price of approximately HKD 22,367 per square foot. Meanwhile, around 10 properties are currently on the market at Tung Ho, with 2-bedroom duplex units starting at around HKD 32 million. Chris Au, acting area manager for Royal Bengal Real Estate, stated that the Sierrasea development in Sai Kung was busy, with 10 transactions recorded in the current month. Notably, a transaction was made on the second phase of Sierrasea, Unit J on the middle floor of Building 1, totalling 299 square feet and priced at HKD 5.18 million. The buyer is a first-time homebuyer who acquired the property for self-inhabitation after negotiations brought the price down to HKD 5.18 million, at approximately HKD 17,324 per square foot. The previous owner purchased the property in January 2026 for about HKD 4.133 million and thus made a profit of around HKD 1.047 million in less than a year of ownership.
The real estate market in Sai Kung, especially for high-end properties like Tung Ho and Sierrasea, continues to attract investors and first-time buyers. According to market analysis, the purchase of Tung Ho by the investor at HKD 24 million showcases the ongoing interest in premium properties that offer both investment and living value. Similarly, the affordable entry price for Sierrasea duplex units at around HKD 32 million suggests that despite the high-end market, there remains strong demand for both investment and residential properties.