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Eclipse

西貢傲瀧

[Property Market Cold Wave] Sai Kung's four-bedroom apartment at Mount Pavillion has lost 28% in seven years, and the low market price of 6% has evaporated 9.03 million yuan

Hong Kong's low-density luxury housing market continues to be under pressure, with The Peak at Clearwater Bay, Sai Kung recently recording a shocking loss in its latest transaction. Liao Zhenxiong, the Sai Kung sales director of Century 21 Qifeng Property, revealed that the four-bedroom unit in Room A on the middle floor of Block 9 of the housing estate was sold for HK$23.48 million, a drop of nearly 30% from the purchase price seven years ago, making it one of the most eye-catching loss cases in the luxury housing market in recent times. ■ Transaction details▸ Property information: 1,837 square feet of usable space, four-bedroom suite + maid's room▸...

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