Loss-making transaction | Fanling Ming Du two-bedroom loses 1.3 million after 4 years of ownership

SighingCashier · 2026-03-23T13:22:19+00:00

Fanling Ming Du Tower 2, low-floor Unit H, with a usable area of 376 square feet and 2-bedroom layout, was recently acquired for 4 million Hong Kong dollars after negotiation, with an average usable area price of HK$10,638 per square foot.Centaline Property indicates that the new buyer is a first-time homebuyer who found the unit's layout practical and the price reasonable, and immediately purchased the unit for personal residence. The previous owner acquired the property at 5.3 million Hong Kong dollars in 2022, held it for approximately 4 years, and now exits with a paper loss of 1.3 million Hong Kong dollars. The unit depreciated by 24.5% during this period.

SighingCashier

2026-03-23 13:22:19

Fanling Ming To 2nd Block, lower floor H unit, usable area of 376 sq ft, 2-room layout. Recently negotiated and sold for HKD 4 million, with an average price of HKD 10,638 per square foot.

Centaline Property states that the new buyer is a first-time purchaser, seeing the unit’s layout as practical and the price reasonable, and is purchasing for self-occupancy. The original owner bought the unit in 2022 for HKD 5.3 million, holding it for about 4 years. Now, they are selling at a loss of HKD 1.3 million, with a 24.5% depreciation during the holding period.

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