Kennedy Town property transaction: Investor holds for over 20 years and profits exceed five million

MidnightGenesis · 2026-02-27T03:16:49+00:00

Recently, a commercial property transaction in Kennedy Town once again demonstrated the long-term appreciation potential of seasoned investors in Hong Kong. The ground-floor shop on Holland Street was sold for HKD 8.6 million, setting a new record for shops in the area. After more than 22 years of ownership, the property has appreciated approximately 1.39 times, showcasing the investment return potential of long-term holding.

MidnightGenesis

2026-02-27 03:16:49

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Recently, a property transaction in Kennedy Town once again highlights the long-term appreciation gains for seasoned investors in Hong Kong. According to Ming Pao News, the property held by the son of Yung Lun Group founder Yuen Chi-yam, Yuen Yiu-ki, and related parties was recently transferred successfully, demonstrating the area’s real estate appreciation potential.

Holland Street Ground Floor Shop Details

A ground floor shop in the Kai Tak Building on Holland Street, Kennedy Town, was recently sold for HKD 8.6 million, with a price per square foot of HKD 7,818. The unit is approximately 1,100 square feet. After the transaction, it once again set a record for shop sales in the area. This deal not only reflects strong demand for commercial properties in Kennedy Town but also highlights the area’s continued appeal as a key commercial hub.

22 Years of 1.39x Appreciation, Long-term Holding Yields Rich Rewards

The owner purchased the property in August 2004 for HKD 3.6 million. After more than 22 years, they sold it for nearly three times the original price, realizing a paper profit of about HKD 5 million. The property appreciated approximately 1.39 times overall. This investment case demonstrates the return potential of long-term holding of commercial properties in core areas like Kennedy Town. Over the more than two decades since purchase, the property has witnessed multiple cycles in Hong Kong’s real estate market, ultimately delivering substantial appreciation to the investor.

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