Wetland Seasons Bay Flat Sells for HK$4.78 million, Down 20.8% on 2021 Purchase
A one-bedroom flat at Wetland Seasons Bay in Tin Shui Wai has sold for HK$4.78 million, generating a book loss of approximately HK$1.258 million for the original owner. The 363-square-foot unit, on a high floor of Block 1A, traded at about HK$13,168 per square foot. The seller had acquired the property in November 2021 for roughly HK$6.038 million, representing a depreciation of about 20.8% after five years of ownership.
A high-floor unit in Block 1A of Wetland Seasons Bay in Tin Shui Wai, with a saleable area of approximately 363 square feet and a one-bedroom layout, has changed hands. The original owner initially listed the property at HK$5.1 million and eventually agreed to a sale price of HK$4.78 million, or approximately HK$13,168 per square foot. The buyer was drawn to the Mai Po view and the large Sun Hung Kai residential estate, purchasing the unit for self-occupation. The original owner had acquired the property in November 2021 for approximately HK$6.038 million. After holding the unit for about five years, the seller recorded a book loss of approximately HK$1.258 million, a decline of about 20.8%.