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Green You Xuan Three-Bedroom Appreciated 66% in 14 Years
Flat F on the mid floor, Block 5 of Fairlane Green, Fanling, with a practical area of 612 sq ft, a 3-bedroom layout with a suite bathroom arrangement. The property was sold for HK$5.98 million after bargaining recently, at a practical price of HK$9,771 per sq ft.
Centaline Property states that the new buyer is someone looking to upgrade within the district. Seeing the unit’s price is reasonable and the layout suits their needs, the buyer moved in to purchase the unit for self-occupation.
It is understood that the original owner bought the above unit for HK$3.60 million in 2012. After holding it for about 14 years, the sale generated an accounting gain of HK$2.38 million, representing a 66% appreciation in the unit’s value during the period.