business · AM730

Luxury Villa in Tsuen Wan Sells for HK$81.8M in First Deal at New Project

AM730 · 2 SOURCESabout 1 hour ago4 MIN

Summary

Weida Real Estate's (偉達地產) newly launched luxury villa project Jiafu Bay (嘉富海灣) on Castle Peak Road in Ting Kau, Tsuen Wan, has recorded its first-ever transaction. House H was sold on Tuesday for HK$81.8 million, including a parking space, marking a significant milestone for the seaside development. The transaction price reflects approximately HK$33,037 per sq ft based on the saleable area of 2,476 sq ft. The buyer selected a 420-day cash payment plan and received a move-in-before-payment incentive .

Key Points

The sold unit is House H at Jiafu Bay, located at 368 Castle Peak Road, Ting Kau, Tsuen Wan, developed by Weida Real Estate
The villa has a saleable area of 2,476 sq ft with a three-bedroom, two-ensuite layout
External areas include a 562 sq ft platform, 683 sq ft garden, 65 sq ft rooftop, and 80 sq ft stairwell house
Transaction price reached HK$81.8 million with parking space, equating to HK$33,037 per sq ft
Each villa includes two private parking spaces with fast-charging facilities, and residents enjoy private road access and individual elevators

Why It Matters

This inaugural sale at Jiafu Bay signals strong demand for ultra-luxury seaside villas in the New Territories, with the transaction demonstrating buyer confidence in the Tsuen Wan coastal market despite broader market headwinds. The project's combination of private road access, dedicated EV charging infrastructure, and individual elevators sets a new benchmark for exclusive residential living in the Western New Territories.