Blue chip housing estate, Sha Tin City One, two bedroom, sold for 4.37 million! Appreciation of 25% in 10 years

According to the relevant person in charge of Zhongyuan Real Estate, a two bedroom unit with a practical area of 284 square feet in the estate was successfully sold for 4.37 million yuan after negotiation. The original owner of the property made a profit of 870000 yuan in 10 years, and the unit appreciated by nearly 25% during the period, becoming a vivid footnote to the stable and positive development of the regional second-hand real estate market.

Chen Dihao, Senior District Business Manager of Zhongyuan Real Estate Shatin Zhifu First City Branch, stated that the overall trading atmosphere in Shatin First City has recently rebounded, with 2 transactions recorded so far this month, with a practical average price of about 14589 yuan per square foot. The specific unit for this transaction is a mid rise A room in Building 41, which is a classic two bedroom layout with a practical area of approximately 284 square feet. The layout is compact and practical, meeting the self occupied needs of passengers on board.

From the details of the transaction, the original opening price of the unit was about 4.55 million yuan. After negotiation between the buyer and seller, the final transaction was reached for 4.37 million yuan, equivalent to a practical price of about 15387 yuan per square foot. Chen Dihao pointed out that the new buyer is a typical car passenger. After on-site investigation, he believed that the unit is suitable for both use and the transaction price is in line with his own budget. Therefore, he decisively accepted the unit for self use, and the entire transaction process proceeded smoothly.

It is worth noting that this transaction demonstrates the asset preservation and appreciation ability of Sha Tin First City as a blue chip housing estate. It is reported that the original owner purchased the unit for 3.5 million yuan in 2016 and held it for 10 years. The resale made a profit of 870000 yuan, and the unit appreciated by about 24.9% during the period, nearly 25%. Against the backdrop of multiple rounds of fluctuations in the Hong Kong real estate market, this blue chip residential estate has achieved steady asset appreciation with mature community facilities, convenient transportation advantages, and stable living atmosphere.

As a large-scale mature residential project in the New Territories of Hong Kong, Sha Tin First City is jointly developed by several well-known real estate companies, covering 52 residential buildings, supporting commercial facilities such as Silver City Mall and First City Center, as well as leisure facilities such as swimming pools and tennis courts, making life very convenient. In terms of transportation, the estate is located adjacent to the First City Station of the MTR Ma On Shan Line, surrounded by multiple bus and minibus routes, providing convenient access to various parts of Kowloon and the New Territories. At the same time, it is also close to the Prince of Wales Hospital and several schools, meeting the housing needs in all aspects and making it a key focus for passengers and first-time home buyers.