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Tianzuan two-bedroom holding for over seven years only earned 440k
Tai Po Tian Diam, Building 10, Low Floor Unit F, practical area 524 sq ft, two-room layout. Originally listed at HK$6.90 million, it has won favor from first-time buyers in the district. The buyer viewed the property a total of 3 times. They were impressed by the project because its building age is relatively newer, and the clubhouse facilities are well-equipped. Combined with the fact that the original owner’s asking price was reasonable, the deal was finalized—“no price negotiation,” completed at HK$6.90 million, with a practical price per sq ft of about HK$13,168.
Midland Realty states that the original owner purchased the above property in January 2019 for approximately HK$6.46 million, held it for more than about 7 years, with an unrealized gain on paper of about HK$440k or 6.8%.