The "Hong Kong Property" Tsuen Wan Sea of Love sea view three-bedroom suite is being sold by the owner for as high as HKD 15.3 million, with a price per square foot of nearly HKD 20,000

Wu Jieling, Senior Division Manager of Group B at the Tsuen Wan branch of Centaline Property, stated that the branch recently facilitated the sale of a high-floor D unit at Sea of Love, Tsuen Wan West Station, with a usable area of 771 square feet and a three-bedroom suite layout, which is a bank-owned property. The bank owner listed the unit for HKD 14.75 million. Due to its front-row location and large single-sided view, it enjoys views of Ting Kau Bridge and the sunset sea, making it an attractive property. Furthermore, such listings are rare, which immediately attracted multiple buyers to compete for it after it was listed.

The new buyer is an upgrader from the same district, who recognized the unit's quality and rarity. After viewing the property, they quickly made an offer to purchase, ultimately succeeding after two price increases, with a final transaction price of HKD 15.3 million, translating to a price per usable square foot of HKD 19,844, which is HKD 550,000 higher than the initial asking price.

Wu Jieling noted that last month, a similar three-bedroom suite unit on the same floor, unit A, changed hands at a price per usable square foot of HKD 19,296, but it was not a single-sided unit. The new transaction's price per square foot is similar, but it belongs to a higher quality unit and is a rare listing, thus considered a "good buy." The original owner purchased the unit in 2017 for HKD 17.08 million, and during the holding period, the unit depreciated by HKD 1.78 million or about 10%