"Port House" sells a three-bedroom unit in Sunrise Kowloon for HKD 8.98 million, holding the property for five years with a loss of approximately HKD 1.87 million

Midland Realty stated that the bank recently facilitated the second-hand transaction of two high-rise LC units in Sunrise City, with a usable area of approximately 750 square feet, consisting of 3 rooms. The buyer acquired the unit for HKD 8.98 million, with a price per usable square foot of approximately HKD 11,973.

The unit was listed for HKD 10.58 million for about 8 months, and then the price was adjusted to HKD 9.3 million, receiving inquiries from potential buyers recently. After negotiation, the owner reduced the price by HKD 320,000, resulting in a transaction at HKD 8.98 million. According to reference transaction data, the original owner purchased the property for approximately HKD 10.85 million in July 2021, holding it for about 5 years, resulting in a paper loss of approximately HKD 1.87 million, or 17%