"Hong Kong Property" Hung King Terrace high-floor three-bedroom suite sold for HKD 10.55 million, original owner made a profit of HKD 6.72 million after holding for eighteen years

The Chief Co-Director of Hong Kong Property's West Kowloon Four Dragons branch, Xie Qiyuan, stated that the branch has just facilitated a transaction for the sale of a three-bedroom unit at Hongjing Terrace. The unit is located on a very high floor, with a usable area of approximately 667 square feet, and was acquired by a long-term investor for HKD 10.55 million, resulting in a price per usable square foot of approximately HKD 15,817.

According to the data, the original owner purchased the unit for HKD 3.83 million in September 2004. In this transaction, the original owner realized a profit of approximately HKD 6.72 million, with an appreciation of about 1.8 times during the holding period