Real estate investment has shown renewed interest, with a unit at Star Kai Tei in Lok Ma Chau, Kwun Tong, being sold to an investor for HKD 4.3 million. According to the sales details, the unit, a 228-square-foot open-plan studio, was initially listed for negotiation at HKD 4.3 million, including rent, and transacted at a realistic price of HKD 18,860 per square foot. The original owner purchased the unit in 2021 for HKD 5.74 million and is now recorded as having lost around HKD 1.44 million after holding the property for five years. In a related development, another unit in Yutang Court in Tai Po was sold for HKD 9.98 million. The unit features approximately 699 square feet of usable space, plus an additional 250 square feet of balcony, and was listed at HKD 11 million. Given that there is a tenant occupying the unit, the new buyer agreed to accept it in its current condition, and the final negotiated price met the requirement, resulting in a transaction price of HKD 14,277 per square foot. The original owner had bought this house for around HKD 4.66 million in December 2009, and after 17 years, realized a net profit of HKD 5.32 million, representing an appreciation of approximately 1.14 times.
Whispering Valley Court is uncommonly receiving attention as well. Man Yan Estate Agency branch manager Wu Weiwen mentioned that Yutang Court's 6-unit on the top floor, with a usable area of about 699 square feet and a 4-bedroom layout along with an additional 250 square feet balcony, was a rare offering on the market. The initial asking price was set at HKD 11 million, but since the unit is currently occupied, it was sold "as is" for HKD 9.98 million, a price agreed upon after negotiations. The original owner, who acquired the property in December 2009, now sees a profit of HKD 5.32 million, an increase of about 1.14 times.
The recent market activity in Hong Kong's real estate sector, particularly in secondary housing, is marked by increasing interest from investors. Both Star Kai Tei and Yutang Court have seen sales transactions, reflecting a shift towards buying for rental returns rather than speculative capital gains. The market trend favors realistic pricing and low transaction volumes, suggesting a cautious and measured approach among buyers looking to enter or remain in the housing market.