The Dawan Mingcheng three-bedroom apartment in Hong Kong sold for HKD 13.75 million, appreciating approximately HKD 4.86 million after holding for 15 years

Midland Realty stated that the company has just facilitated the sale of a unit in Phase II of Tai Wai Ming City, measuring 842 square feet, which changed hands for HKD 13.75 million. The original owner held the property for 15 years, with a paper appreciation of approximately HKD 4.86 million.

The sold unit is Room NB on the 5th floor of Phase II, with a usable area of about 842 square feet, consisting of 3 rooms. After negotiation with local buyers, it was acquired for HKD 13.75 million for self-occupancy, equivalent to a price of approximately HKD 16,330 per usable square foot. Data shows that the original owner purchased the property in March 2011 for about HKD 8.889 million, holding it for about 15 years, with a paper appreciation of approximately HKD 4.861 million