There has been a surge in transactions in Hong Kong's property market recently, especially in the luxury segment, with frequent occurrences of high-value deals. The latest market news reveals a nearly HK$60 million transaction for a unit in The Arch, a skyscraper in Kowloon Station, which includes two parking spaces. The average price per square foot for the unit is approximately HK$34,884.

The units, located on the mid and low floors of The Arch, with sizes of 840 square feet and 880 square feet respectively, both feature three bedrooms and are categorized as silver-owned properties. The total transaction price for this deal is close to HK$60 million, with an average price per square foot of approximately HK$34,884. According to records, the original owners purchased these units for HK$17.52 million and HK$15.98 million respectively in 2007, with a total investment of HK$33.5 million. After 16 years, the property has appreciated by HK$26.5 million, representing an appreciation rate of approximately 79%.

Another notable transaction occurred at Dynasty Court in Mid-Levels. A unit on a high floor in Block 5, with a size of 1,520 square feet and three bedrooms, recently changed hands for HK$58 million, with an approximate price per square foot of HK$38,158. This high-value transaction once again demonstrates the allure of Mid-Levels as a prime location in Hong Kong's luxury property market.

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In yet another development in Kowloon Tong, a unit on a low floor in One Beacon Hill, with a size of 657 square feet and three bedrooms, was sold for HK$10.28 million recently, at a price per square foot of HK$15,647. The original owner purchased the property for HK$9.56 million in 2013 and sold it after holding it for over 10 years, realizing a profit of approximately HK$720,000, with the property appreciating by approximately 7.5%.

Similarly, in Kowloon Tong, a unit on a low floor in The Dynasty, with a size of 969 square feet and three bedrooms, was recently sold for HK$13 million, at an approximate price per square foot of HK$13,416. The original owner purchased the property for HK$16.3 million in 2015 and sold it after holding it for about 9 years, incurring a loss of approximately HK$3.3 million, with the property's price decreasing by approximately 20% during this period.

Additionally, in Kowloon Station, a unit on a low floor in The Cullinan Tower 3, with a size of 743 square feet and two bedrooms, was recently sold for HK$18.5 million, at an approximate price per square foot of HK$24,899. The original owner purchased the property for HK$15.8 million in 2010 and sold it after holding it for over 13 years, realizing a profit of HK$2.7 million, with the property appreciating by approximately 17%.

These transactional examples indicate a strong rebound in Hong Kong's luxury property market. Especially after the gradual relaxation of housing market restrictions by the government, market activity has significantly increased. Many buyers and investors have re-entered the market, driving a surge in luxury property transactions.