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Lang Tianfeng Two-Unit Property Holding Yields 930,000 Profit in One Year
Yuen Long, Long Tin Fung Block 2, Mid-Levels K Unit, practical area of 370 sq ft, 2-bedroom layout, sold for HKD 4.85 million, with a price of HKD 13,108 per sq ft.
Centaline Property states that the original owner purchased the unit in February last year for HKD 3.911 million, holding it for about 13 months, with an unrealized profit of HKD 939,000, appreciating by 24%.
Additionally, approximately one year after completion, the high-floor C Unit in Shangbai, in the same district, with a practical area of 312 sq ft and a 1-bedroom layout, listed at HKD 3.38 million, sold for HKD 3.36 million, with a practical price of HKD 10,769 per sq ft.
The original owner bought it in October 2024 for HKD 3.212 million, holding for 1.5 years, with an unrealized profit of HKD 148,000, appreciating by about 5%.