Agent's Dedication Secures Deal: Parents-Daughter Team Buy Tsuen Wan Flat for HK$6.48M
AM730 · 1 SOURCES1 day ago2 MIN
Summary
A three-generation family has acquired a two-bedroom residence in Tsuen Wan through an unconventional approach that caught industry attention. Parents teamed up with their daughter to purchase the property as an investment in her future and commute convenience. The deal was clinched after a determined agent flew out of Hong Kong to personally deliver the deposit to the departing seller, ultimately securing a HK$220,000 price reduction.
Key Points
- The property at Lifang, located at 118 Yeung Uk Road West in Tsuen Wan, changed hands for HK$6.48 million after a HK$220,000 discount from the original HK$6.7 million asking price .
- The 429-sq-ft unit sits on a high floor, features a two-bedroom layout facing southwest with pool views, and comes with tasteful renovations .
- Ricacorp Properties senior joint director Hui Hei-long arranged to personally deliver the deposit to the seller, who was leaving Hong Kong, successfully convincing the owner to accept the lower offer .
- The previous owner purchased the unit for approximately HK$3.14 million in 2011 and sold it for HK$6.48 million, yielding a capital gain of HK$3.34 million over 15 years .
- Lifang is a single-tower development completed in 2006, offering 440 units and convenient access to MTR stations and shopping malls .
Why It Matters
This transaction demonstrates how competitive market conditions are prompting agents to go beyond conventional practices to close deals. The property's near-doubling in value over 15 years reflects Tsuen Wan's sustained appeal as a residential hub with strong connectivity, offering both practical amenities and long-term capital growth potential for buyers prioritizing commute convenience and lifestyle quality.
This transaction demonstrates how competitive market conditions are prompting agents to go beyond conventional practices to close deals. The property's near-doubling in value over 15 years reflects Tsuen Wan's sustained appeal as a residential hub with strong connectivity, offering both practical amenities and long-term capital growth potential for buyers prioritizing commute convenience and lifestyle quality.