Core transaction data: Market analysis: Driving factors of the price plunge: In January 2024, a home ownership flat in Hoi Lok Court, Cheung Sha Wan was sold for HK$2.75 million without paying the land premium, setting a new low in the history of the second-hand market in the court. The 390 sq ft unit was sold for an astonishing HK$7,051 per sq ft, a drop of HK$28.61 per sq ft (1.1 million) from the HK$3.85 million paid for a similar low-floor unit earlier in the same month.