Taikoo Shing Two-Bedroom Unit Sold in 10 Days; Owner Nets HK$1.67 Million Profit After One Year
SingTao · 2 SOURCESabout 1 hour ago5 MIN
Summary
A premium two-bedroom unit in Taikoo Shing was sold within just 10 days of listing, with the owner pocketing a profit of HK$1.67 million after holding the property for approximately one year. The 572-square-foot apartment in Donghai Tower fetched HK$10.18 million, representing a capital gain of nearly 20%. The transaction reflects renewed market vitality driven by strong sales of new development projects across Hong Kong's blue-chip housing estates.
Key Points
- Taikoo Shing's Donghai Tower mid-floor Unit G, featuring a sought-after 2-bedroom premium layout, was listed for HK$10.5 million but sold for HK$10.18 million after a HK$320,000 price reduction, translating to HK$17,797 per square foot .
- The previous owner purchased the 572-square-foot property in March 2025 for HK$8.51 million and sold it approximately one year later, recording a profit of HK$1.67 million and a capital appreciation of 19.6% .
- The周末 weekend saw approximately 18 transactions across Hong Kong's top 10 housing estates, with Taikoo Shing and Kingswood Estate (Tin Shui Wai) each recording 3 deals, indicating a rebound in buyer sentiment .
- Another notable transaction involved Taikoo Shing's Yen Kok Court high-floor Unit E (747 sq ft, 3-bedroom en-suite), which sold for HK$15.3 million at HK$20,482 per sq ft after the owner reduced the asking price by HK$200,000 .
- City One in Sha Tin also recorded 2 transactions, with a 327-sq-ft unit selling for HK$4.68 million (HK$14,312/sq ft) and a 284-sq-ft unit fetching HK$4.46 million (HK$15,704/sq ft) over the weekend .
Why It Matters
This short-term flipping success demonstrates renewed confidence in Hong Kong's secondary property market, which had been subdued since the property cooling measures took effect . The surge in viewing appointments and transactions across major housing estates suggests that buying momentum is returning, potentially signaling a broader market recovery that could influence future policy discussions around housing affordability .
This short-term flipping success demonstrates renewed confidence in Hong Kong's secondary property market, which had been subdued since the property cooling measures took effect . The surge in viewing appointments and transactions across major housing estates suggests that buying momentum is returning, potentially signaling a broader market recovery that could influence future policy discussions around housing affordability .