18 June 2014 - Although the luxury market has remained quiet, a mainlander recently spent approx. HKD104M to purchase 2 village houses in Sai Kung. Apple Daily reported that these 2 transacted units are even number Block C and Block D houses at Sheung Sze Wan. The two houses are positioned next to each other and are both about 2,100 sq. ft in size.
House C is located at the corner with a 10,000 sq. ft. private garden. The garden has a private swimming pool and the rest of space is large enough to park at least 10 cars. The previous owner of House C is rumoured to be a foreigner who bought the house for HKD21M in 2006. He is now receiving a cool HKD49M profit on his purchase price, having sold the house to the mainland buyer for HKD70M.
For House D, the previous owner is a foreigner who bought the house for HKD5.99M in 2003. The mainland buyer spent close to HKD40M on buying this house, thereby providing the previous owner with a handsome profit of HKD34M on resale price.
A range of current luxury property listings in Sai Kung & Clearwater Bay can be viewed by clicking here.
