5th January 2025 – (Hong Kong) A two-bedroom flat at Seaside Sonata in Cheung Sha Wan has been sold for HK$6.8 million, marking a significant loss for the owner. Originally listed at HK$7.3 million, this sale was already considered a “fire sale,” indicating the owner’s willingness to accept a reduced price.
A first-time buyer from outside the district viewed the property once before negotiating the final sale price, which translates to approximately HK$13,412 per square foot, resulting in a total markdown of HK$500,000.
Historical data reveals that the original owner purchased the flat in July 2020 for around HK$8.97 million and has held it for approximately four and a half years. This recent sale reflects a paper loss of about HK$216,700, equating to a depreciation of roughly 24.2%.
