Loss Sale | Hongbi Two-Bedroom Property Depreciates 10% After Seven Years of Holding

SighingCashier · 2026-03-12T13:15:35+00:00

Mashan Hongbi Building 3, low-floor Unit H, with a usable area of 483 square feet, 2-bedroom layout, northwest-facing, overlooking open garden views. The original owner's asking price was HK$8.38 million, with a cumulative price reduction of HK$1.5 million during the period. The unit was recently acquired by a buyer at HK$6.88 million, with a usable price per square foot of HK$14,244.Century 21 Qi Feng Property's Mashan City Center branch stated that the original owner purchased the off-plan unit from the developer in May 2019 at a purchase price of HK$7.63 million. After holding the property for approximately 7 years until resale, the owner incurred a paper loss of HK$750,000. The unit depreciated by 10% during the holding period.

SighingCashier

2026-03-12 13:15:35

Ma On Shan Wing Pik Block 3, Lower Floor, Unit H, usable area 483 sq ft, 2-bedroom layout, facing northwest, overlooking open garden views. The original owner listed it at HKD 8.38 million, with a total price reduction of HKD 1.5 million during the period. Recently, a buyer purchased it for HKD 6.88 million, with a practical price per square foot of HKD 14,244.

Century 21 Kifeng Property Ma On Shan Central Branch stated that the original owner purchased the off-plan unit directly from the developer in May 2019 for HKD 7.63 million. After holding for about 7 years, the unit was resold, resulting in a paper loss of HKD 750,000. The unit experienced a 10% price decline during this period.

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