Ken Sir Unloads Tsuen Wan Centre Rooftop Unit, Books HK$760,000 Profit in 12th Successful Flip
SingTao · 2 SOURCESabout 1 hour ago6 MIN
Summary
The Hong Kong residential property market is showing renewed vitality, with short-term flipping deals generating consistent profits for seasoned investors. Ken Sir (Lo Yu-kin), a prominent property investor, has successfully exited another unit at Tsuen Wan Centre, selling a high-floor flat with exclusive rooftop access for HK$3.8 million. The deal, brokered by Midland Realty senior district sales manager Zhong Jiahao (C.J. Chong), represents Ken Sir's 12th consecutive profitable transaction, underscoring his disciplined approach to short-term property investments in the entry-level segment.
Key Points
- Transaction Details: The unit sold was Flat G on a high floor of Block 1, Tsuen Wan Centre, with a sale price of HK$3.8 million, translating to HK$10,734 per square foot on its 354 sq ft saleable area .
- Acquisition and Renovation: Ken Sir purchased the same unit in June 2025 for HK$3.04 million and subsequently invested in comprehensive renovations before relisting the property for sale .
- Profit Margins: The paper profit reached HK$760,000, representing a 25 percent appreciation over the holding period. After deducting agent commissions and stamp duty, the net profit is estimated at approximately HK$700,000 to HK$730,000 .
- Buyer Profile: The new owner is a customer from another district who had been searching for an ideal property. The brand-new renovation and the rare rooftop feature, which is seldom available in the neighborhood, motivated the purchase for self-use .
- Additional Transaction: Separately, Ken Sir had earlier sold Flat C on a high floor of Block 3 at Deep Bay Regalia (浪翠園) Phase 1 in Tuen Mun for HK$4.29 million. The 484 sq ft two-bedroom unit, held for five months with full renovation, yielded a profit of approximately HK$790,000 at HK$8,864 per sq ft .
Why It Matters
Ken Sir's successful track record of 12 consecutive profitable property flips, accumulating approximately HK$12.94 million in paper gains, signals renewed investor confidence in Hong Kong's entry-level residential market. His strategic approach of targeting units priced 10 percent below bank valuations demonstrates a calculated risk-reward framework that could influence other small-scale investors to re-enter the property market, potentially driving increased transaction volumes in the sub-HK$5 million segment .
Ken Sir's successful track record of 12 consecutive profitable property flips, accumulating approximately HK$12.94 million in paper gains, signals renewed investor confidence in Hong Kong's entry-level residential market. His strategic approach of targeting units priced 10 percent below bank valuations demonstrates a calculated risk-reward framework that could influence other small-scale investors to re-enter the property market, potentially driving increased transaction volumes in the sub-HK$5 million segment .