After negotiating for a 2-bedroom apartment in the first city of Sha Tin, Hong Kong, it is priced at $4.57 million! The transaction appreciation is about 239%!

The specific transaction information shows that the unit being sold is located in Unit D, Middle Floor, Building 24, Sha Tin City One, with a usable area of 326 square feet and a building area of 395 square feet, and is a two bedroom apartment. The unit was put up for sale by the estate manager, with an initial price of approximately HKD 4.65 million. After negotiation between the buyer and seller, the transaction was successfully completed for HKD 4.57 million, with an average usable area price of HKD 14018 per square foot. From the perspective of the core advantages of the layout, the 326 square foot two bedroom layout is compact and practical, which can fully meet the basic living needs of families with basic needs. This is also one of the key factors that attract buyers to make quick decisions.

The buyer of this transaction is a typical car passenger with clear core property demands. According to the relevant person in charge of Zhongyuan Real Estate, the new buyer, after investigation, believed that the unit was shared between intervals and the transaction price was in line with their budget, so they decisively accepted it for self occupation. This property buying logic also aligns with the mainstream trend of the current Hong Kong demand market - against the backdrop of a gradual recovery in the real estate market and sustained rent increases, the phenomenon of "over renting" has emerged, and many tenants have turned to the housing market. The demand for small units in mature housing estates has become the preferred choice for car buyers due to its complete supporting facilities and outstanding cost-effectiveness.

For the original owner, this transaction can be regarded as a classic profit case for long-term holding. According to the data, the original owner purchased the unit for HKD 1.35 million in 1993 and held it for 33 years. Eventually, it was sold for HKD 4.57 million, with a book profit of HKD 3.22 million and an appreciation rate of approximately 239%. This data fully reflects the asset preservation and appreciation ability of Sha Tin First City as a large mature housing estate. As a benchmark housing estate in Sha Tin District, Sha Tin First City is built by well-known developers such as Henderson Land Development. The surrounding facilities are extremely complete, including shopping malls, supermarkets, restaurants and other living facilities. At the same time, it is close to multiple bus routes, making travel convenient. It has long been a popular choice in the demand market, with outstanding property liquidity and value preservation.

From the perspective of the overall market environment, the smooth transaction of this unit also conforms to the trend of the recovery of the Hong Kong real estate market. Multiple institutions predict that Hong Kong property prices are expected to experience a 5% -10% increase in 2026, and the current market is in the early stages of a rebound. In this context, the essential units in mature housing estates have become the core driving force for market transactions due to their stable demand and strong risk resistance. Data shows that by 2025, the number of transactions of first and second-hand private residential properties under HKD 4 million in Hong Kong will exceed 12600, reaching a new high in nearly 9 years. The continuous release of purchasing power for essential needs provides solid support for the recovery of the real estate market.