About 70 flat owners at the second phase of Tierra Verde in Tsing Yi are putting their units up for resale, a week after they bought the properties at the Cheung Kong (Holdings) joint-venture development.
Estate agents said owners sought a net profit on each transaction ranging from $80,000 to $450,000 after deducting investment costs, which included purchase price, legal and other expenses.
Centaline Property Agency's Tsing Yi branch sales supervisor Fred Chau Wing-fei said there had only been one Tierra Verde resale, which occurred a few days ago.
That flat was sold for about $2.7 million. The seller reaped a booked profit before expenses of more than $200,000.
Mr Chau said the sellers were testing the market's response by offering their flats at various asking prices.
He did not expect to see quick resale activity, however, because the sellers were only keen to sell if they received good offers.
