2025-06-27 Squarefoot Editor
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- Tsuen Wan 3br Flat Sold For Hk$4.8m: Cheaper Than A 2br!
As the property market warms up, some owners are rushing to offload their properties at discounted prices. A 3-bedroom unit at Greenview Court in Tsuen Wan recently sold for HK$4.8 million at just HK$6,829 per square foot, falling below the HK$5 million mark. The original owner, who purchased the flat in 2001, made a paper profit of HK$3.22 million, seeing the unit’s value more than double.
The low-floor unit E flat is located in Block 3. Measuring 703 square feet, the unit features a 3-bedroom layout, and offers views of the garden and partial sea views.
Initially listed in February 2025 for HK$5.2 million, the owner decided to lower the price due to the flat's low-floor location and the need for a quick sale. The final transaction price was reduced to HK$4.8 million, translating to HK$6,829 per square foot.
According to agents, this sale marks one of the lowest prices for similar units in Greenview Court in the past year. Buyers effectively got a 3-bedroom flat for the price of a typical 2-bedroom unit, making it a standout deal.
The original owner purchased the flat in 2001 for HK$1.58 million. After holding the property for 24 years, the owner sold it for a paper profit of HK$3.22 million, with the flat appreciating over 200% in value during this period.
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| Property Type | Price | Ads Period |
|---|---|---|
| For Sale Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:90 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |
| Rental Property | ||
Normal Listing Typical One | HKD:1000 (or Hsemoney:1000) | Valid:80 days |
Golden Top Listing Higher position than Top listing 2-3times better performance | HKD:3000 (or Hsemoney:3000) | Valid:60 days |