Tai Po Pak Shek Kok Three-Bedroom Sold at HK$29.68M, Owner Exits at HK$2.76M Loss After One Year
SingTao · 2 SOURCESabout 1 hour ago5 MIN
Summary
A mid-floor three-bedroom unit at The Hemera in Tai Po Pak Shek Kok has been sold for HK$29.68 million, representing an 8.5% loss for the previous owner who purchased the property for HK$32.44 million in July 2025. The 1,411-square-foot unit was reduced by HK$1.2 million from its original listing price of HK$30.88 million before reaching agreement. An out-of-district buyer purchased the property for self-occupation, drawn to the estate's comfortable environment and reasonable pricing. The transaction highlights continued weakness in the secondary property market amid ongoing interest rate pressures.
Key Points
- The Hemera (海日灣) A2 Tower middle floor Flat B, measuring 1,411 sq ft, sold for HK$29.68 million or approximately HK$21,035 per sq ft
- Original owner purchased the unit in July 2025 for HK$32.44 million and sold after holding for approximately one year, recording a loss of HK$2.76 million
- The seller initially listed the property at HK$30.88 million before agreeing to a price reduction of HK$1.2 million (approximately 3.9%) to finalize the deal
- The buyer was an out-of-district customer who purchased for self-occupation, attracted by the estate's comfortable environment, reasonable pricing, and suitable layout
- The Hemera, located at 18 Fo Chun Road in Tai Po Pak Shek Kok, was completed in 2019 and comprises 16 towers with 667 units in total
Why It Matters
This transaction reflects the challenging environment facing property owners in Hong Kong's secondary market, where holding periods are shortening while losses remain substantial. The Hemera's location in the emerging Pak Shek Kok technology corridor, combined with its relative youth as a 2019 completion, suggests that even newer developments are not immune to market corrections. For prospective buyers, the case demonstrates both the potential for price negotiation in a buyer's market and the continued risks of short-term property investments in the current high interest rate environment .
This transaction reflects the challenging environment facing property owners in Hong Kong's secondary market, where holding periods are shortening while losses remain substantial. The Hemera's location in the emerging Pak Shek Kok technology corridor, combined with its relative youth as a 2019 completion, suggests that even newer developments are not immune to market corrections. For prospective buyers, the case demonstrates both the potential for price negotiation in a buyer's market and the continued risks of short-term property investments in the current high interest rate environment .