--- title: "\"Port Tower\" Tai Po Sky Diamond 2-bedroom sold for HKD 6.38 million with no negotiation; investors expect a 3.5% return" type: "News" locale: "en" url: "https://longbridge.com/en/news/282932352.md" description: "Yang Songyao, manager of the Tai Po Lantau branch of Centaline Property, stated that Unit C on the middle floor of Tai Po Tianzuan was sold for HKD 6.38 million, with a usable area of 457 square feet, configured as 2 rooms, resulting in an average price per usable square foot of HKD 13,961. The new buyer is an investor, expected to enjoy a rental return of about 3.5%, with a monthly rent of approximately HKD 18,500. The original owner purchased the unit for HKD 5.84 million in 2019, holding it for 7 years, with a paper profit of about HKD 540,000, and an appreciation of about 9.2% during the holding period" datetime: "2026-04-16T03:17:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282932352.md) - [en](https://longbridge.com/en/news/282932352.md) - [zh-HK](https://longbridge.com/zh-HK/news/282932352.md) --- # "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 ### Related Stocks - [00688.HK](https://longbridge.com/en/quote/00688.HK.md) ## Related News & Research - [09:43 ETIn HelloNation, Insurance Agent John Scalise Explains Renters' Insurance in Alpharetta, Georgia](https://longbridge.com/en/news/283846410.md) - [As Clementi Mall changes hands, some ask whether malls are losing their heartland flavour](https://longbridge.com/en/news/283724656.md) - [ZAWYA: Rently: Tackling the challenges of modern rentals](https://longbridge.com/en/news/283830125.md) - [Happy Renters, Better Performance: Why Resident Experience Matters Most in Today’s Market | APPF Stock News](https://longbridge.com/en/news/284032798.md) - [TEN Ltd. Announces an Up to Five-Year Charter Extension of Two DP2 Shuttle Tankers | TEN Stock News](https://longbridge.com/en/news/283896773.md)