Loss-making transaction | Morpheus-style building, tier 3, three-bedroom, loss of 2.45 million takeover

SighingCashier · 2026-03-17T12:42:19+00:00

Shau Kei Wan Form Hui Block 2 high-rise unit A was transacted at HK$16.3 million with a usable area of 713 sq ft, 3 bedrooms 1 ensuite, featuring open mountain views and exceptionally high ceiling of 3.5 meters. The new buyer prioritizes convenient commuting and complete facilities. The previous owner held the property for approximately 9 years, incurring a loss of approximately HK$2.45 million, with the property depreciating by approximately 13%.

SighingCashier

2026-03-17 12:42:19

Abstract generation in progress

Block 2, Shau Kei Wan Homing Court, High Floor A, Room, Practical Area 713 sq. ft., 3 Bedrooms and 1 Suite, South-facing, Enjoying Spacious Mountain Views, Special Floor Level, Ceiling Height up to 3.5 meters, Asking Price HKD 16.5 million, Final Transaction Price HKD 16.3 million, Practical Price per sq. ft. HKD 22,861.

Centaline Property states that the new buyer is a family who has been searching for an ideal unit along the MTR Island Line for several months. The preferred property is close to the MTR station, offering convenient commuting, and the estate has comprehensive clubhouse facilities. The surrounding shopping malls, supermarkets, and schools are well-equipped. After visiting the property, they fell in love with the open view; combined with the ultra-high ceiling design, they immediately decided to purchase for personal use.

It is understood that the original owner purchased the unit in March 2017 for about HKD 18.75 million as a new development. Holding the property for about 9 years, the unit was sold at a loss of approximately HKD 2.45 million, with a depreciation of about 13% during the holding period.

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