---
title: "Hong Kong Property Sale Reflects Significant Appreciation Over Two Decades"
description: "A prominent investor has sold a ground floor shop in Kennedy Town for HKD 8.6 million, reflecting a significant appreciation of about 139% over 21 years. The property, owned by Lun Yiu-Kei, was purcha"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276485551.md"
published_at: "2026-02-20T21:03:46.000Z"
---

# Hong Kong Property Sale Reflects Significant Appreciation Over Two Decades

> A prominent investor has sold a ground floor shop in Kennedy Town for HKD 8.6 million, reflecting a significant appreciation of about 139% over 21 years. The property, owned by Lun Yiu-Kei, was purchased in 2004 for HKD 3.6 million. This sale indicates a paper profit of approximately HKD 5 million, showcasing the strong growth in Hong Kong's property market.

A prominent investor has continued to offload assets, with recent data indicating a notable transaction. According to Ming Pao, the ground floor shop A at 1-11 Holland Street, Kennedy Town, owned by the son of Wing Lung Group founder, Lun Yiu-Kei, was sold for HKD 8.6 million in mid-month. The shop spans approximately 1,100 square feet, translating to a price of HKD 7,818 per square foot. The previous owner acquired the property in August 2004 for HKD 3.6 million, holding it for over 21 years. This sale reflects a paper profit of approximately HKD 5 million, marking a property appreciation of about 139%.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.