"Port House" West Wan River Li Jing Wan two-bedroom sold for 7.18 million, three-bedroom changed hands for 12 million

Zhongyuan Real Estate stated that its branch recently facilitated a transaction for a unit in Li Jing Wan, Sai Wan Ho. The unit is Room D on a mid-level of the Viewing Pavilion, with a usable area of 536 square feet, featuring a 2-bedroom layout facing southeast with garden views. It was listed for sale at HKD 7.5 million and was on the market for about 2 months, ultimately selling for HKD 7.18 million, with an average price per usable square foot of HKD 13,396. The new buyer is an end-user.

The original owner purchased the unit in 1987 for HKD 720,000 and held it for 38 years, realizing a profit of HKD 6.46 million upon this sale, with the unit appreciating nearly 9 times.

Additionally, Midland Realty recently facilitated a transaction for a sea-view unit of approximately 797 square feet in Li Jing Wan. This unit is Room H on a low floor of the Viewing Peak, with a usable area of about 797 square feet, featuring a three-bedroom suite with a terrace, and is located in front of Sai Wan Ho Waterfront Park, offering sea views. It is a quality listing within the estate, and due to the unit's good quality and reasonable asking price, an external buyer purchased it for HKD 12 million, with a price per usable square foot of approximately HKD 15,056.

The original owner entered the market in April 2017 for about HKD 12.5 million, resulting in a loss of approximately HKD 500,000 upon this sale, with the property depreciating about 4%