The three-bedroom suite at Blue Bay Peninsula in Hong Kong sold for HKD 8.88 million, matching the trading volume of half a month with that of the entire month of August

Henderson Property's Blue Bay Peninsula branch senior sales manager Huang Zhijia stated that the branch facilitated a transaction at Blue Bay Peninsula over the weekend, with a 605 square foot unit changing hands for HKD 8.88 million. Benefiting from the atmosphere of new property sales in the Hong Kong Island area, purchasing power has been released, and Blue Bay Peninsula has also seen a boost in transactions, recording 7 sales this month so far, doubling compared to the same period last month, and matching the total transaction volume for August, reflecting an active trading performance in the estate.

The latest transaction facilitated by the branch involved a mid-low floor C unit in Block 3, with a usable area of approximately 605 square feet, featuring a three-bedroom layout with an en-suite. The unit faces south and overlooks the inner garden. Due to the unit's good quality and reasonable price, it attracted interest from upgrading buyers, who seized the opportunity to enter the market before interest rate adjustments and the new policy address. The transaction price was HKD 8.88 million, equivalent to a price per usable square foot of approximately HKD 14,678. The original owner purchased the unit for about HKD 9.18 million in November 2022, resulting in a paper loss of approximately HKD 300,000 upon resale.

Huang Zhijia pointed out that Blue Bay Peninsula recorded about 3 transactions in the first half of August, with a total of about 7 transactions for the entire month, and so far in September, the estate has recorded about 7 transactions, indicating ideal transaction performance. It is expected that if interest rates decline, it will help stimulate buyers' willingness to enter the market