Hong Kong real estate proves to have increased significantly over the past two decades

Recent real estate transactions in Hong Kong continue to reflect a significant upward trend in the local market’s value. Data from major investors clearly show the high profitability of properties here, especially those held for the long term.

Kennedy Town Property Sale Generates Huge Profit

According to Ming Pao, a ground-floor shop at 1-11 Holland Street, Kennedy Town was transferred for HKD 8.6 million earlier this month. The property is owned by the son of Lun Yiu-Kei, a founder of the well-known Wing Lung Group. Covering approximately 1,100 square meters, the sale price corresponds to HKD 7,818 per square meter.

Notably, the previous owner divested from this property after holding it for a long period. The original purchase was in August 2004, when it was bought for HKD 3.6 million. Over 21 years of ownership, this resulted in an unrealized profit of HKD 5 million, representing an appreciation of about 139%.

Hong Kong Real Estate Market Appreciates Over 21 Years

This transaction clearly demonstrates the investment potential of Hong Kong’s real estate market over the past two decades. A price increase of 139% over more than 20 years of holding not only reflects the recovery and growth of Kennedy Town but also proves the ability of Hong Kong real estate assets to preserve value and generate profits. Similar data from other transactions indicate that persistent holding of properties in strategic locations can yield significant returns over time.