YOHO WEST Parkside Two-Bed Flat Nets 32% Profit in 18 Months
On.cc · 1 SOURCESabout 3 hours ago1 MIN
Summary
A two-bedroom unit in Tin Shui Wai's YOHO WEST Parkside fetched 5.5 million Hong Kong dollars, delivering a 32 percent profit to its original owner who bought the flat for 4.15 million dollars about 18 months ago. The new buyer, a first-time homebuyer, moved quickly after viewing the property, attracted by its brand-new status, proximity to transport links, and ready-to-move-in fittings.
Key Points
- The property at YOHO WEST Parkside Block 1B, Lower Floor B7 spans 412 square feet with two bedrooms
- The 5.5 million Hong Kong dollar sale price equates to approximately 13,350 Hong Kong dollars per square foot
- The original owner purchased the unit as a first-hand buyer in March last year for 4.15 million dollars
- The 18-month holding period generated a paper profit of approximately 1.35 million dollars, representing a 32 percent gain
- Nearby, a three-bedroom unit at Laguna City in Tuen Mun traded for 7.25 million dollars
- A detached house at Silverstrand's Vision Villa in Sai Kung sold for 49.28 million dollars after a 5.72 million dollar price reduction
Why It Matters
Short-term profitable resales in new developments signal continued strong demand from homebuyers seeking ready-to-occupy units, potentially influencing pricing strategies for upcoming new project launches in the New Territories West region .
Short-term profitable resales in new developments signal continued strong demand from homebuyers seeking ready-to-occupy units, potentially influencing pricing strategies for upcoming new project launches in the New Territories West region .