The two-bedroom crystal unit at The Pier sold for HKD 4.8 million, with a profit of HKD 500,000 in six months, representing a 12% gain

AASTOCKS
2026.01.22 07:53

Wen Shiyan, Senior Division Sales Manager of the Poly Bay branch of Zhongyuan Real Estate, stated that Poly Bay recently recorded a short-term transaction. The unit is Room A on the 30th floor, part of the fifth phase's characteristic crystal units, with a usable area of 531 square feet, featuring a two-bedroom layout with a terrace, and enjoys garden views from a high floor, although the interior maintenance is relatively old.

The original owner purchased the unit for HKD 4.3 million in July last year, and after taking possession in October of the same year, immediately listed it for sale at HKD 5 million. After negotiation with the buyer, the price was ultimately reduced by HKD 200,000, resulting in a transaction at HKD 4.8 million, with a price per usable square foot of approximately HKD 9,040.

Wen noted that the original owner held the property for only about six months, realizing a profit of HKD 500,000, with the unit appreciating approximately 12% during that period