"Port House" Tsuen Wan Sea Love two-bedroom zero negotiation sold for HKD 9.7 million, holding for over eight years with an account profit of approximately HKD 759,000

Midland Realty stated that the company recently facilitated the sale of a 534 square foot two-bedroom unit at The Sea of Love in Tsuen Wan, which was acquired by a local investor without viewing the property and at a zero negotiation price.

The sold unit is Room C on a high floor of Block 5B at The Sea of Love, with a usable area of approximately 534 square feet, featuring a two-bedroom layout, facing west, and enjoying a view of Tsing Yi. The unit was on the market for about 8 months, originally listed at HKD 9.7 million, and attracted interest from local investors. The buyer quickly placed a deposit without viewing the property, agreeing to a zero negotiation price of HKD 9.7 million, equivalent to a price per usable square foot of approximately HKD 18,165.

Data shows that the original owner purchased the property in September 2017 for about HKD 8.941 million, holding it for over 8 years, with a paper appreciation of approximately HKD 759,000