Hong Kong Property Flipping Returns as Short-Term Gains Surge

Summary

Key Points

• A Tai Po Centre Block 18 mid-floor F unit, 407 sq ft two-bedroom, sold for HK$5 million at HK$12,285 per sq ft after one month on market; the original owner bought it for HK$4.45 million in June 2026 and made a HK$550,000 paper profit in about two months, a 12% gain 1.
• A Taikoo Shing Ko On Court low-floor F unit, 503 sq ft two-bedroom with garden view, sold for HK$8.73 million at HK$17,356 per sq ft to an out-district first-time buyer; the original owner purchased it for HK$3.92 million in 2009 and realized a HK$4.81 million paper profit over 17 years 1.
• A Kornhill Garden Block G mid-low floor 1 unit, 685 sq ft three-bedroom with club view, sold for HK$9.7 million at HK$14,161 per sq ft; the original owner bought it for HK$6.95 million in 1997 and made a HK$2.75 million actual profit after an internal transfer in 2010, representing 40% appreciation over 29 years 1.
• A Long Beach Tower 8 low-floor D unit in Southwest Kowloon, 549 sq ft two-bedroom with city view, sold for HK$10.6 million at HK$19,308 per sq ft; the original owner purchased it for HK$7.6 million in July 2016 and gained HK$3 million over approximately 10 years, a 39% increase 1.
• A Tsuen Wan Centre Block 4 high-floor B unit, 380 sq ft two-bedroom with renovation, sold for HK$4.06 million at HK$10,684 per sq ft to a first-time buyer; the original owner bought it for HK$3.65 million in August 2024 and made HK$410,000 in about two years, an 11% gain 1.
• A Fanling Town Centre Block 1 mid-floor G unit, 454 sq ft three-bedroom, sold for HK$5.05 million at HK$11,123 per sq ft to an upgrade buyer; the original owner purchased it for approximately HK$1.55 million in 2009 and gained HK$3.5 million over 17 years, more than doubling in value 1.
• A Tseung Kwan O Centre Block 11 mid-high floor G unit, 436 sq ft two-bedroom, sold for HK$6.8 million at HK$15,596 per sq ft; the original owner bought it for HK$2.4 million in June 2008 and could make HK$4.4 million over 18 years, more than doubling in value 1.
• A Park Island Tower 22 high-floor B unit in Ma Wan, 762 sq ft three-bedroom suite with storage and sea-view terrace, sold for HK$8.6 million at HK$11,286 per sq ft after the tenant moved out in June; the original owner purchased it for HK$4.05 million in July 2004 and made HK$4.55 million over 22 years 1.
• A Lake Silver Tower 5 low-floor E unit in Ma On Shan, 573 sq ft two-bedroom with garden view, sold for HK$8.68 million at HK$15,148 per sq ft after a HK$70,000 price reduction; the original owner bought it for HK$3.83 million in April 2010 and gained HK$4.85 million over 16 years, nearly doubling in value 1.
• A Tin Chung Court Fu Kin Garden Block 10 low-floor B unit in Tuen Mun, 484 sq ft public housing, sold for HK$3.488 million at HK$7,207 per sq ft in the unsubsidized second market to a Green Form buyer who had recently been allocated public housing and whose family already lived in the estate 1.

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