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Buyer Views Tseung Kwan O Flat During Typhoon, Buys Next Day for HK$32.4 Million

Squarefoot Editor  20 hours ago posted  92 #Property Hit News

Amid improving market sentiment, some buyers are rushing to secure properties, even braving extreme weather conditions. Recently, a three-bedroom flat at Corinthia By The Sea in Tseung Kwan O, sold for HK$32.398 million, with a price per square foot of HK$24,619. The original owner, who purchased the property a decade ago, incurred a paper loss of HK$1.542 million, reflecting a 4.5% depreciation over the period.

According to Midland Realty, the unit in question is a high-floor special flat in Tower 3. It features a usable area of 1,316 square feet, including a separate platform and rooftop terrace. The unit has a south-facing orientation with a full sea view. Initially listed at HK$37 million, the property was on the market for approximately six months before drawing interest from a buyer in the neighbourhood.

The buyer reportedly favoured the flat for its spacious layout, platform, and rooftop terrace. Despite the adverse weather, the buyer arranged a viewing on the day of the typhoon. The very next day, they decided to purchase the unit. After negotiations, the flat was sold for HK$32.398 million, representing a HK$4.602 million reduction from the original asking price.

Disclaimer: All wordings and pictures which indicated Squarefoot editor are the copyright of 7 Advertising LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that Squarefoot agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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