Investor Acquires One-Bedroom Unit at Fei Yang Phase 1 for HK$3.15M
On.cc · 1 SOURCESabout 1 hour ago1 MIN
Summary
A property investor has purchased a one-bedroom unit at Fei Yang Phase 1 (Fei Yang 1st Phase) in Tuen Mun for HK$3.15 million, acquiring it below market value with existing tenants in place. The seller, who had held the property for approximately two years after purchasing it in 2024, recorded a modest capital appreciation of about 2% on the transaction.
Key Points
- The property is located at Block 2, Low Floor, Flat F at Fei Yang Phase 1, Castle Peak Road, Tai Lam Section, Tuen Mun
- The one-bedroom unit has a saleable area of approximately 264 square feet, with the transaction priced at about HK$11,932 per square foot
- The investor acquired the property with tenants in place for investment purposes, with the purchase price of HK$3.15 million representing a below-market deal
- The original owner purchased the property in 2024 for approximately HK$3.08 million, yielding a paper profit of about HK$73,000 over two years
- Other notable transactions include a Mid-Levels property that appreciated nearly 200% over 26 years and a Tsuen Wan flat that gained HK$760,000 for a seasoned investor
Why It Matters
This transaction reflects ongoing investor interest in smaller residential units in the New Territories at competitive price points, signaling continued appetite for yield-bearing assets in Hong Kong's property market despite broader economic uncertainties .
This transaction reflects ongoing investor interest in smaller residential units in the New Territories at competitive price points, signaling continued appetite for yield-bearing assets in Hong Kong's property market despite broader economic uncertainties .