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Gao Ya Ge Two-Bedroom Apartment Appreciated 8 Times in 20 Years
In Sai Ying Pun, an upper-floor A Unit at Elegant Court. The practical area is 477 sq ft, with a 2-room layout, offering park views. The latest sale with existing tenancies was transacted at HKD 8.83 million, with a practical price of HKD 18,512 per sq ft.
Centaline Property stated that the new buyer is a mainland Chinese individual. They are attracted to the location, which is near the MTR station, with convenient transportation and comfortable views, so they decided to acquire the unit—rent it out first, and after the tenancy agreement ends, they may convert it for personal use.
The original owner purchased the unit in 2006 for HKD 950k and held it for about 20 years. In this handover, there is a paper gain of HKD 7.88 million on the accounts, with the unit appreciating by approximately 8.3 times.