Room D on the high floor of Block 30, City One Shatin, has a saleable area of 327 square feet, a 2-bedroom layout, faces southwest and enjoys a panoramic view. The asking price was approximately HK$4.5 million. After negotiation, it was sold for HK$4.28 million, with a saleable price per square foot of HK$13,089.
Central Real Estate said that the new buyer is a user who saw that the unit was reasonably priced and had a suitable layout, so he seized the opportunity to purchase the unit for his own use.
The original owner purchased the unit for $500,000 in 1990 and held it for 34 years. He now has a book profit of $3.78 million, with the unit appreciating in value by about 7.6 times.
