Shang Yu Open Account Appreciates 11% in Less Than Three Months

SighingCashier · 2026-03-25T12:35:10+00:00

North Point Shang Yu Upper A Unit, with a usable area of approximately 193 square feet, features an open-plan layout and commanding views. The original owner listed the property at 3.98 million, and after negotiation, it was ultimately sold for 3.75 million, with a usable price per square foot of approximately 19,430.Ricacorp Properties stated that the new buyer is a local resident who favors the relatively new building age of the development, the practical layout, and the commanding views. Additionally, the area has comprehensive living facilities and the stamp duty is only 100. The buyer proceeded with the purchase after viewing the unit.It is reported that the original owner purchased the unit for approximately 3.38 million at the end of December last year and sold it after holding it for less than 3 months, with a paper profit of approximately 370,000 or 11%.

SighingCashier

2026-03-25 12:35:10

North Point The Harbourside Tower A, high-floor unit with an approximate usable area of 193 sq ft, featuring an open layout and overlooking expansive views. The original owner listed it for HKD 3.98 million, and after negotiations, it was sold for HKD 3.75 million, with an approximate price of HKD 19,430 per square foot.

Ricacorp Properties stated that the new buyer is a local resident who favors the relatively new estate with a well-utilized layout and open views. Additionally, the area offers comprehensive amenities, and the stamp duty is only HKD 100. After viewing the property, the buyer proceeded with the purchase.

It is understood that the original owner bought the unit in late December last year for about HKD 3.38 million. The property changed hands in less than three months, with an estimated profit of HKD 370,000 or 11%.

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