Taikoo Shing three-bedroom sold for 11.4 million, with a 30-year property appreciation of over 2 times

SighingCashier · 2026-04-07T06:31:07+00:00

Taikoo City Ming Palace Pavilion, lower floor H unit, practical area approximately 702 square feet, three-bedroom layout. The original asking price was about 11.5 million yuan. The property was on the market for only about a week, and after negotiation, it was sold for 11.4 million yuan, with a practical price per square foot of about HKD 16,239.Midland Realty stated that the buyer is a local resident in the same area, found the unit's price reasonable, and with the market outlook improving, they accelerated their purchasing pace.Data shows that the original owner purchased the property in 1996 for about 3.64M yuan. Holding the property for approximately 30 years, the current transaction results in an unrealized profit of about 7.76M yuan, with the property's value appreciating approximately 2.1 times during the holding period.

SighingCashier

2026-04-07 06:31:07

Tai Koo Shing Ming Gong Pavilion Lower Floor Unit H, with an effective area of approximately 702 sq ft and a three-room layout.

The original owner named a price of about HK$11.50 million, put the property on the market for only around a week, and after negotiation it changed hands for HK$11.40 million. The effective price per sq ft was about HK$16,239.

Midland Property says the buyer is an end-user within the same area. Seeing that the unit’s asking price is reasonable, and with market conditions improving, they accelerated their move to purchase.

Data shows that the original owner bought the above property in 1996 for about HK$3.64M. After holding it for about 30 years, the book profit on this transaction was about HK$7.76M. During the property period, its value increased by about 2.1 times.

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