"Big Banks" Taikoo Shing two-bedroom sold for HKD 8.5 million, holding for over 18 years with a 1.4 times appreciation

Zhongyuan Real Estate stated that Taikoo Shing recorded 8 transactions this month, with an average usable area price of about HKD 15,000. Among them, the branch recently facilitated the sale of a mid-level H unit in Baoshan Pavilion, Taikoo Shing, with a usable area of 598 square feet, 2-bedroom layout, facing west, overlooking the school and building views, which was recently sold for HKD 8.5 million, with an average usable area price of HKD 14,214.

It is understood that the new buyer is a local family, who preferred a housing estate close to the MTR station and with a large shopping mall. After visiting the unit, they felt it was suitable and decided to take it over. The original owner purchased the unit in 2007 for HKD 3.6 million and has held it for over 18 years, realizing a profit of HKD 4.9 million upon this transfer, with the unit appreciating 1.4 times.

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