Investors of "Hong Kong Property" spent HKD 14 million to purchase two units at University Hill and Silicon Hill for rental income. Yunhui Open-Ended sold for HKD 4.3 million, incurring a total loss

Midland Realty stated that the bank recently facilitated investors to spend nearly HKD 14 million to purchase two units at White Stone Corner University Hill and Silicon Hill for rental purposes.

The transaction units include Room B8 on a high floor of Tower 5 at Silicon Hill, with a usable area of approximately 413 square feet, configured as 2 bedrooms. It is reported that the unit was previously listed for HKD 6.8 million, recently reduced to HKD 6.68 million, and ultimately negotiated down to HKD 6.39 million, with a price per usable square foot of approximately HKD 15,472. Data shows that the original owner purchased the unit in 2022 for about HKD 7.701 million and held it for 3.5 years, resulting in a paper loss of approximately HKD 1.311 million upon resale.

Another transaction involved the top-floor unit of Tower 1 at University Hill, with a usable area of approximately 409 square feet, configured as 2 bedrooms with a terrace. It is reported that the unit was previously listed for HKD 8.5 million, recently reduced to HKD 7.1 million, and after negotiation with the same investor, it was acquired for HKD 7.01 million, with a price per usable square foot of approximately HKD 17,139. Data shows that the original owner purchased the unit in 2023 for about HKD 7.6275 million and held it for 2.5 years, resulting in a paper loss of nearly HKD 620,000 upon resale.

Additionally, the bank recently facilitated an investor to acquire an open-plan unit at White Stone Corner Cloud 292 for HKD 4.3 million. The transaction unit is Room B1 on a mid-floor of Tower 2 at White Stone Corner Cloud, with a usable area of 292 square feet, configured as an open-plan layout. It is reported that the unit was previously listed for HKD 4.38 million, and after negotiation with the investor, it was acquired for HKD 4.3 million, with a price per usable square foot of approximately HKD 14,726. Data shows that the original owner purchased the unit in 2019 for about HKD 5.747 million and held it for 6 years, resulting in a paper loss of approximately HKD 1.45 million upon sale