Zhi Fu Garden Three-Bedroom Unit Held for 33 Years Doubles in Value

SighingCashier · 2026-03-12T10:15:39+00:00

Pokfulam Chinachem Garden Block 4, mid-floor unit B, with a usable area of 588 square feet, 3-bedroom layout, facing southwest, with partial sea views and open vistas. The latest transaction price was HK$6.588 million, with a usable price per square foot of approximately HK$11,204.Centaline Property stated that the new buyer is an end-user who appreciated the property's open views and partial sea vistas. Believing the unit's layout was practical and the price reasonable, they decided to purchase the unit for personal residence.According to information, the original owner purchased the unit for HK$2.22 million in 1993. The unit was transferred internally during the holding period, with ownership held for approximately 33 years. This transaction resulted in a book profit of HK$4.368 million, with the unit appreciating nearly twofold during this period.

SighingCashier

2026-03-12 10:15:39

Mid-Levels, Fu Fook Garden Block 4, Middle Floor B, practical area of 588 sq ft, 3-bedroom layout, facing southwest, partial sea view, open outlook. Recently sold for HKD 6,588,000, with an approximate price of HKD 11,204 per square foot.

Centaline Property states that the new buyer is a homeowner who appreciates the open view and partial sea view. They find the unit’s layout practical and the price reasonable, so they decided to purchase it for self-occupancy.

It is understood that the original owner bought the unit in 1993 for HKD 2.22 million. The owner had transferred the property internally during the ownership period, holding it for about 33 years. The recent transaction resulted in a paper profit of HKD 4.368 million, with the unit appreciating nearly twofold during that time.

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