"Port House" Olympic Station Kai Fan Court two-bedroom sold for HKD 6.78 million, holding the property for about 16 years with an appreciation of over 100%

Midland Realty stated that the company recently facilitated the second-hand transaction of Unit D on a mid-low floor at Kaifengxuan, Olympic Station. The unit has a usable area of 464 square feet and consists of two bedrooms. It was previously listed for sale at HKD 7.38 million and was accepted at HKD 6.78 million after negotiation, a reduction of approximately HKD 600,000 or about 8%, equivalent to a price per usable square foot of HKD 14,612.

The original owner purchased the unit in May 2009 for approximately HKD 3.34 million and held it for about 16 years. This transfer resulted in a paper profit of approximately HKD 3.44 million, or about 103%