---
title: "The Kowloon property, Tai Wai Park Hill, sold for HKD 11.73 million, appreciating 5.3% over 6 years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278991718.md"
description: "According to Zhongyuan Real Estate, the luxury residential complex Bai Ao Zhuang in Tai Wai recorded approximately 6 second-hand transactions this month, with one unit sold for HKD 11.73 million, a usable area of 558 square feet, and an average price per square foot of HKD 21,022. The new buyer is a first-time homebuyer who purchased due to rising property prices. The original owner bought the unit in 2020 for HKD 11.14 million, held it for about 6 years, and made a profit of HKD 590,000, with the unit appreciating by 5.3%"
datetime: "2026-03-13T06:06:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278991718.md)
  - [en](https://longbridge.com/en/news/278991718.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278991718.md)
---

# The Kowloon property, Tai Wai Park Hill, sold for HKD 11.73 million, appreciating 5.3% over 6 years

Guo Dexin, the deputy district operations manager of the Tai Wai branch of Centaline Property, stated that the newly developed residential estate, Park Avenue, in Tai Wai recorded approximately 6 second-hand transactions this month. The branch recently recorded a mid-level C unit in Block 6B, with a usable area of 558 square feet, featuring 2 bedrooms and a view of the inner garden, listed at around HKD 12 million. After negotiation, it was sold for HKD 11.73 million, with an average price per usable square foot of HKD 21,022.

It is understood that the new buyer is a first-time homebuyer who noticed that property prices are starting to rise and is concerned that waiting to buy would be more expensive. Additionally, they are fond of large residential estates built over MTR stations and found the quality of the unit to be high, thus deciding to purchase the unit for personal use. It is reported that the original owner bought the unit for HKD 11.14 million in 2020 and held it for about 6 years, making a profit of HKD 590,000 upon sale, with the unit appreciating by 5.3% during the holding period

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