The Yuen Long Shangyue in Hong Kong has recently been sold at a discounted price, with a two-bedroom unit changing hands for HKD 3.98 million

The Chief Assistant Joint Director of Midland Realty Yuen Long, Chen Feng, stated that the company recently facilitated the negotiation for the sale of a unit at Shangyue, measuring 355 square feet, which was sold for HKD 3.98 million, an increase of HKD 180,000 from the initial asking price.

It is understood that the sold unit is Room F on a mid-level of Block 1 of Shangyue, with a usable area of 355 square feet, consisting of two bedrooms. The unit was previously listed for sale at HKD 3.8 million, and the buyer, a first-time homebuyer in the area, had been viewing properties for some time and was fond of the estate's amenities. However, the owner later raised the price to HKD 4 million, and ultimately both parties reached a consensus to sell the unit for HKD 3.98 million, with a price per usable square foot of approximately HKD 11,211.

Data shows that the original owner purchased the unit for HKD 3.2 million in 2024 and held it for over a year, realizing a profit of HKD 780,000 from this sale. (sl/