3rd January 2025 – (Hong Kong) A two-bedroom unit in Yuen Long’s Park Signature has recently sold for HK$4.9 million, achieving a price per square foot of just HK$7,346—marking a nine-year low. The previous owner purchased the property a decade ago, realising a profit of HK$230,000 upon sale, reflecting a modest appreciation of 5%.
The unit, located on a low floor of Block 5, has a usable area of 667 square feet and features a two-bedroom layout. After being listed on the market, it was sold for HK$4.9 million, translating to a per-square-foot price of HK$7,346.
Recent data indicates that the previous low price for the estate was for a three-bedroom unit in Block 3, which sold for HK$6 million earlier this month, with a per-square-foot price of approximately HK$7,634. The latest sale price is HK$288 lower, or 4% less, establishing a new record low for the estate in over nine years.
The original owner acquired the unit in March 2014 for HK$4.67 million and has held it for about ten years. This recent transaction resulted in a profit of HK$230,000, with a slight overall appreciation of 5%. Notably, the original purchase price per square foot was HK$7,001, making it the lowest-priced unit sold in the estate at that time.
