Tsuen Kam Centre flat sold for HK$5.15 million
AM730 · 1 SOURCES1 day ago1 MIN
Summary
A two-bedroom unit at Tsuen Kam Centre in Tsuen Wan changed hands for HK$5.15 million after the seller reduced the asking price from HK$5.5 million. The buyer, an owner from the same district, moved quickly to acquire the flat as a rental investment after viewing its high-floor mountain outlook and convenient location near an MTR station.
Key Points
- Centaline Property's Tsuen Wan Nan Fung branch said the deal involved Flat A, a high-floor unit in Block 2 of Tsuen Kam Centre, with a sale completed recently.
- The flat has a saleable area of about 375 square feet, a two-bedroom layout, and open mountain views from a high floor.
- The owner had already relocated to mainland China, listed the property last month at HK$5.5 million, and finally sold it for HK$5.15 million.
- The final price represented a reduction of HK$350,000, or about 6.4%, with the transaction implying roughly HK$13,733 per square foot.
- The buyer is a same-district owner who expects monthly market rent of about HK$16,500, implying an estimated rental yield of around 3.8%.
Why It Matters
The transaction points to continued investor interest in smaller, transport-linked homes where rental returns are seen as relatively attractive. It also shows that sellers willing to trim prices can still secure deals from buyers focused on leasing demand rather than owner-occupation.