25th August 2025 – (Hong Kong) A three-bedroom seaview apartment at Seanorama in Ma On Shan has been sold for HK$8.6 million after a price reduction, resulting in a significant loss for the original owner who held the property for approximately eight years.
Located on a lower floor of Block 2B, Unit F has a usable area of approximately 765 square feet. Initially listed at around HK$9.2 million, the price was slashed by HK$600,000 before the sale, bringing the final price per square foot to HK$11,242.
The original owner purchased the unit from the developer in 2017 for approximately HK$14.393 million. The transaction represents a substantial paper loss of HK$5.793 million, equating to a 40.2% decrease in value.
