Three bedroom apartment in Ying Tao Wan, Ma On Shan, Hong Kong, changed ownership for $8.18 million

The unit being sold this time is located in Unit H on the middle floor of Building 1 in Yingtao Bay, Ma'anshan, with a practical area of approximately 737 square feet. It is a classic 3-bedroom unit with a square layout and ample natural lighting, which can meet the needs of families for self occupation. It is a popular unit among first-time home buyers and first-time homebuyers in the area. It is reported that the unit was previously put up for sale for HKD 8.58 million, attracting multiple buyers to negotiate. Eventually, it was successfully taken over by a person who went to Hong Kong through a specialist program. After negotiations between the two parties, the transaction price was HKD 400000 lower than the put up price, and the actual transaction price was locked in at HKD 8.18 million. The average practical area price per square foot is about HKD 11099, which is basically the same as the recent average transaction price of the sector, highlighting reasonable pricing and high cost-effectiveness. ​

It is worth noting that the buyer's property purchase decision this time deeply reflects the current trend of "rent to buy" in the Hong Kong real estate market. As a specialist in Hong Kong, the buyer originally lived in Hong Kong as a tenant. Recently, due to multiple factors, they have decided to transition from a tenant to an owner. On the one hand, the Hong Kong property market will continue to recover in 2026, with the private residential price index rising for eight consecutive months, and market expectations steadily improving; On the other hand, rental prices in Hong Kong continue to rise, with a cumulative increase of about 20% in the past three years. In addition, recent rent increases proposed by property owners have made buyers realize that "paying for a property may be more cost-effective than renting," ultimately leading them to decide to "rent to buy," which not only meets their settlement needs but also helps them preserve their assets through the recovery of the real estate market. This phenomenon is highly consistent with the predictions of institutions such as Goldman Sachs and JPMorgan Chase - as mortgage rates fall and rents rise, more tenants will turn to the housing market to provide structural support for the residential market. ​

This transaction is not an isolated case, but a microcosm of the overall recovery of the Hong Kong property market and the release of demand for mainland professionals to purchase properties. Recently, the Hong Kong real estate market has shown a clear trend of "both quantity and price rising". In 2025, the overall number of building purchase and sale contracts reached 80702, reaching a new high in nearly four years. Among them, the activity of mainland buyers (including professionals) entering the market continues to increase. In February 2026, the registration volume of residential properties by mainland buyers increased by about 10.4% month on month. As an important source of new demand in the Hong Kong real estate market, the professional group often places more emphasis on the self occupied nature and long-term value preservation ability of properties. Suburban areas such as Ma On Shan have become a key choice for these buyers due to their moderate layout and outstanding cost-effectiveness.