Miu Fa New Village, 3-Bedroom Unit Sold for HKD 6.98M; Original Owner Earned HKD 5.19M Over 23 Years

A 3-bedroom unit at Miu Fa New Village Phase II, Beaux Arts Street 35, sold for HKD 6.98 million with an area of approximately 694 square feet. The original owner purchased it for HKD 1.79 million in November 2003 and made HKD 5.19 million in profits over 23 years, representing a 290% increase. Meanwhile, a 3-bedroom unit at Kaikeng Jin in Generalau sold for HKD 13.19 million, and the original owner made a profit of HKD 2.93 million after holding it for over 10 years.

Lam Ming Kok Me Fu Xin Fuj 2 Phase Block A Low Unit, measuring approximately 694 square feet, is a three-bedroom unit. The buyer was attracted by the proximity to Miu Fen MTR Station and the complete amenities nearby, and thus bought it for about HKD 6.98 million. The original owner purchased the unit in November 2003 for approximately HKD 1.79 million, holding it for about 23 years, making a paper profit of around HKD 5.19 million, representing an appreciation of nearly 290%.

Ma Yun Xin Jin 6B Block B Unit, measuring 710 square feet and featuring a 3-bedroom suite layout with a southerly view and inner garden scenery, has been sold for HKD 13.19 million, at a price per square foot of HKD 18,577. The original owner bought the unit in July 2016 for approximately HKD 10.26 million and held it for more than 10 years, exiting at a paper profit of HKD 2.93 million and an appreciation of 29%.