In the past month, new estates' residual buyers have been returning to the secondary market in significant numbers in New Territories East, boosting transactions. For instance, in late November, the West Sand area's Sierra Sea completed about 12 secondary transactions, with one 2-bedroom unit (house 1, unit A, block 2) recording a sale for $6.69 million, representing a price reduction of $110,000 from the asking price of $6.8 million. The unit offers 469 square feet of usable space and was sold at a usable price of approximately $14,264 per square foot. The new buyer, who was an estate residual buyer, decided to purchase the unit for self-use after finding it compatible in size and price. The original owner had purchased the unit in February 2026 for $5.25 million, thus making a profit of $1.44 million within just nine months. Meanwhile, the Sham Shuai Chak Lok Garden in Tuen Mun also saw a transaction of a 2-bedroom unit, with the unit (flat 8 on building A) sold for $3.55 million. The real estate manager of Central and Western Region, Chen Yichen, noted that the real estate market is stabilizing, as market watchers occasionally record transactions for property buyers looking to enter the market, such as this apartment with a usable area of 330 square feet at a price of $3.88 million, which was negotiated down to $3.55 million, giving a usable price of approximately $10,758 per square foot. The new buyer, an investment buyer, acquired the unit due to expectations of long-term appreciation of properties in the New Territories Northwest, which are set to benefit from the Northern Metropolis Development strategy. Based on the average monthly rent of about $11,000, the buyer anticipates a rental return of around 3.7 percent.
Another real estate transaction was noted, where a 2-bedroom unit in Sham Shuai Chak Lok Garden in Tuen Mun, with a usable area of 330 square feet, traded hands for $3.55 million, after it was originally listed at $3.88 million, reflecting a reduction of $330,000 through negotiations. Touted as a smart investment opportunity, this buy signalizes the investment community's growing interest in the New Territories northwest region, capitalizing on the Northern Metropolis Development initiative. This area is expected to experience significant growth, bolstering its property value over the long term. Analysis indicates that the rental yield of the property is approximately 3.7 percent based on the current monthly rentals, making this investment particularly attractive to savvy investors looking to capitalize on the emerging real estate trends in the region.