--- title: "Users of \"Hong Kong Property\" are determined to \"rent to buy,\" spending HKD 6.4 million to purchase a two-bedroom unit at Belgravia Place in Sham Shui Po" description: "Recently, a client of Li Ka Group Real Estate purchased a two-bedroom unit at Belgravia Place in Sham Shui Po for HKD 6.4 million. The buyer is a first-time homebuyer who decided to switch from rentin" type: "news" locale: "en" url: "https://longbridge.com/en/news/276567639.md" published_at: "2026-02-23T05:58:19.000Z" --- # Users of "Hong Kong Property" are determined to "rent to buy," spending HKD 6.4 million to purchase a two-bedroom unit at Belgravia Place in Sham Shui Po > Recently, a client of Li Ka Group Real Estate purchased a two-bedroom unit at Belgravia Place in Sham Shui Po for HKD 6.4 million. The buyer is a first-time homebuyer who decided to switch from renting to buying due to rising rents. The unit has a usable area of 336 square feet, offers an open view, is close to the MTR station, and the property price is affordable. The owner purchased it in 2024 for HKD 5.829 million and is now reselling it for a profit of over HKD 570,000 Zhang Guofeng, co-director of the Belgravia Place branch of Li Ka Ge Real Estate in West Kowloon, stated that the firm's client manager, Deng Junwen, recently facilitated the second-hand transaction of Unit 10 on a high floor of Block 1B in Sham Shui Po, with a usable area of approximately 336 square feet, featuring a 2-bedroom layout with an open kitchen, facing southwest with a sea view. Zhang mentioned that the new buyer is a first-time homebuyer who, seeing the continuous rise in rental prices, was concerned that waiting to buy would be more expensive and decided to switch from renting to buying. Earlier, they contacted an agent through Li Ka Ge's genuine property source platform, inspected multiple districts, and were attracted to the aforementioned estate, which has just been completed and features a large clubhouse, is conveniently located near a MTR station, and has a practical unit layout at an affordable price, leading to the purchase. The owner initially asked for HKD 6.5 million, but after negotiation, the transaction was made at a reasonable price of HKD 6.4 million, equivalent to a price per usable square foot of approximately HKD 19,048. It is reported that the owner purchased the property in 2024 for about HKD 5.829 million and has held it until now for resale, currently realizing a profit of over HKD 570,000 ### Related Stocks - [515060.CN - ChinaAMC CSI All Share Real Estate ETF](https://longbridge.com/en/quote/515060.CN.md) - [159940.CN - GF CSI All Share Financials ETF](https://longbridge.com/en/quote/159940.CN.md) - [01200.HK - MIDLAND HOLDING](https://longbridge.com/en/quote/01200.HK.md) - [512200.CN - China Southern CSI All Share Real Estate ETF](https://longbridge.com/en/quote/512200.CN.md) - [159768.CN - Yinhua CSI Interior Real Estate Theme ETF](https://longbridge.com/en/quote/159768.CN.md) - [00097.HK - HENDERSON INV](https://longbridge.com/en/quote/00097.HK.md) - [00012.HK - HENDERSON LAND](https://longbridge.com/en/quote/00012.HK.md) - [159707.CN - Hwabao WP CSI 800 Real Estate ETF](https://longbridge.com/en/quote/159707.CN.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | US mortgage rates reach lowest since 2022, spurs refinancing | US mortgage rates have dropped to their lowest since 2022, with the 30-year mortgage rate at 6.09% and five-year adjusta | [Link](https://longbridge.com/en/news/276896967.md) | | Real Estate Markets Heat Up in Some Chinese Cities Over Lunar New Year | Several Chinese cities experienced a surge in housing market activity during the Lunar New Year holiday, driven by gover | [Link](https://longbridge.com/en/news/276844734.md) | | Henderson Land Development Launches US$7 Billion Medium Term Note Programme | Henderson Land Development Company Ltd. has launched a US$7 billion Medium Term Note Programme through its subsidiary, H | [Link](https://longbridge.com/en/news/273223766.md) | | Century 21 Real Estate Reveals its 2025 "Number Ones," Honoring the Brand's Highest Performers Worldwide \| COMP Stock News | Century 21 Real Estate LLC has announced its 2025 "Number Ones," recognizing top performers in its global network. The a | [Link](https://longbridge.com/en/news/276623998.md) | | Short Interest in Henderson Land Development Co. (OTCMKTS:HLDCY) Grows By 264.7% | Henderson Land Development Co. (OTCMKTS:HLDCY) experienced a significant increase in short interest, rising by 264.7% in | [Link](https://longbridge.com/en/news/272425716.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.