"Port Tower" Tai Po Sky Diamond 2-bedroom sold for HKD 6.38 million with no negotiation; investors expect a 3.5% return

Yang Songyao, the manager of the Tai Po Lanshan branch of Centaline Property, stated that the branch recently recorded a transaction for Unit C on the middle floor of Tai Po Tianzuan, with a usable area of 457 square feet, a 2-bedroom layout, and an asking price of approximately HKD 6.38 million, which was sold recently without negotiation, resulting in an average price per usable square foot of HKD 13,961.

It is understood that the new buyer is an investor who found the unit's price reasonable, the layout suitable, and the availability rare, thus entering the market to invest in rental income. The unit's market value monthly rent is about HKD 18,500, and the buyer is expected to enjoy a rental return of approximately 3.5%. The original owner purchased the unit in 2019 for HKD 5.84 million, held it for 7 years, and made a paper profit of about HKD 540,000, with the unit appreciating approximately 9.2% during the holding period