"Grand YOHO" four-bedroom dual-suite sold for HKD 18.5 million, setting a new two-year high for the secondary market price in the estate

Zhongyuan Real Estate's Wang Qinxue stated that there were 53 second-hand transaction deals recorded in the Yuen Long district in the first 10 days of this month. Among them, Grand YOHO recorded 3 transactions in a single day, including 3 units on the middle floor E, with a usable area of 1,115 square feet, a four-bedroom dual-suite layout, initially priced at HKD 19.8 million, and after negotiation, it changed hands for HKD 18.5 million, with a price per usable square foot of HKD 16,592, setting a new high for second-hand transactions of subdivided units in the estate in two years.

The original owner purchased the unit for HKD 19.551 million in January 2017, holding it for about 9 years, incurring a loss of HKD 1.051 million, during which the property price fell by 5.4%