ONE STANLEY Owner Expands Portfolio with Two Garden Units at HK$47.4 Million
AM730 · 2 SOURCESabout 1 hour ago2 MIN
Summary
A local veteran investor has expanded their holdings at ONE STANLEY in Stanley, acquiring two garden-specialty units for a combined HK$47.4 million on March 17. The purchase, made through a 120-day payment plan, marks the buyer's second investment in the development, following an earlier acquisition of a sky-specialty unit valued at over HK$40 million. The project, developed by K. K. Properties Group, continues to demonstrate robust sales performance with over HK$2.95 billion in transactions recorded within the past week.
Key Points
- The two garden units are located at Block 3, Ground Floor A and B, with sale prices of HK$23.98 million and HK$23.42 million respectively
- Unit A spans 844 sq ft with a 527 sq ft garden; Unit B covers 834 sq ft with a 463 sq ft garden, both featuring 2-bedroom suite layout with storage room
- Price per sq ft amounts to approximately HK$28,412 for Unit A and HK$28,082 for Unit B, with ceiling heights reaching 3.5 meters and living rooms spanning over 5.3 meters wide
- The investor was attracted by the project's location in Hong Kong's traditional Southern District luxury residential area and its recent high-yield rental transactions
- Since launch, ONE STANLEY has sold 55 units generating more than HK$5.7 billion in total sales, with only one remaining unit of this same garden-specialty type available
Why It Matters
This high-profile re-purchase by an existing owner signals strong confidence in the Stanley luxury property market and validates the investment appeal of new waterfront developments in Hong Kong's traditional prestige residential zones. The transaction underscores the limited supply of premium seafront properties in the Southern District, where genuine new completions remain scarce, reinforcing the long-term value retention of well-positioned luxury assets .
This high-profile re-purchase by an existing owner signals strong confidence in the Stanley luxury property market and validates the investment appeal of new waterfront developments in Hong Kong's traditional prestige residential zones. The transaction underscores the limited supply of premium seafront properties in the Southern District, where genuine new completions remain scarce, reinforcing the long-term value retention of well-positioned luxury assets .