Sunflower Garden Two-Bedroom Unit Doubles in Value Over 30 Years

SighingCashier · 2026-03-17T12:13:49+00:00

Xin Kwai Fong Garden Block C high-floor Unit 03 closed at HK$5.2 million, with a usable area of 408 sq ft, 2-bedroom layout, and a price per sq ft of HK$12,745. The original owner held the property for 30 years and gained approximately HK$3.48 million, with the property appreciating nearly 2 times in value. The buyer is optimistic about the property market outlook, as expected US interest rate cuts have driven capital flows back to the secondary market.

SighingCashier

2026-03-17 12:13:49

Abstract generation in progress

New Kwai Fong Garden Block C, High Floor, Unit 03, with a usable area of approximately 408 sq ft, featuring a 2-bedroom layout and open city views. It was listed at HKD 5.9 million in September 2024, then gradually reduced to around HKD 5 million. The buyer is a new property buyer who believes the market has bottomed out; coupled with expectations of interest rate cuts in the US in the second half of the year, they decided to re-enter the secondary market.

The buyer brought a check to view the unit and immediately negotiated. After some bargaining with the original owner, they finally increased their offer by HKD 200,000 to HKD 5.2 million, with an actual price per square foot of about HKD 12,745.

Midland Realty stated that the original owner purchased the property in January 1996 for about HKD 1.72 million and held it for 30 years. The transaction resulted in an unrealized profit of about HKD 3.48 million, with the property appreciating approximately twofold.

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