The two-bedroom unit at Yixin Garden in Hong Kong sold for HKD 5.55 million, incurring a loss of HKD 450,000 over six years

Mei Lian Property's Luo Dingkang stated that the company recently facilitated the second-hand transaction of Room F on a mid-level in Block 1 of Yixin Garden, Tseung Kwan O. The unit has a usable area of approximately 497 square feet and consists of two bedrooms. The unit was listed for HKD 5.6 million for about six months and was recently inquired by local buyers. After negotiation, the owner slightly reduced the price by HKD 50,000, resulting in a transaction price of HKD 5.55 million, which translates to a usable price of HKD 11,167 per square foot.

The original owner purchased the unit in February 2019 for approximately HKD 6 million and held it for about six years. This transfer resulted in a paper loss of about HKD 450,000, or approximately 7.5%