Yulong Mountain four-bedroom house only earned a profit of 900,000 over 14 years

SighingCashier · 2026-03-18T09:30:51+00:00

Fo Tan Dragon Hill Villa, Unit B, 8th Floor, Practical area 1,427 sq ft, 4 bedrooms with 2 en-suites and maid's room layout, southeast views overlooking the racecourse, listed at approximately HK$27.8 million, sold at HK$26 million after negotiation, practical price per sq ft approximately HK$18,220.Centaline Property stated that the new buyer is a local resident who decided to purchase the unit for own use after seeing the convenient location of the development, high unit quality, and practical layout.It is understood that the original owner purchased the unit in 2012 for HK$25.1 million, held the property for approximately 14 years, with a book gain of HK$0.9 million or 3.6% from this transaction.

SighingCashier

2026-03-18 09:30:51

Huo Tan Yu Long Shan Block 8 High Floor B Unit, with a usable area of 1,427 sq ft, featuring 4 bedrooms including two master suites and a maid’s room, facing southeast with a view of the racecourse. Listed at approximately HKD 27.8 million, sold after negotiation for HKD 26 million, with an approximate price per square foot of HKD 18,220.

Centaline Property states that the new buyer is a local resident who found the location convenient, the unit of high quality, and the layout practical, so they decided to purchase for self-occupancy.

It is understood that the original owner bought the unit in 2012 for HKD 25.1 million and held it for about 14 years. The transaction resulted in a paper profit of HKD 900,000 or 3.6%.

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