Loss-making transaction | Yoo Residence: One-bedroom sold at a loss of 1.56 million over ten years

2026-03-26 16:33:01

Causeway Bay Yoo Residence High Floor G Unit, with a usable area of 355 sq ft, one-bedroom layout, facing north, overlooking open city views and part of the sea view. Recently sold for HKD 7.58 million, with a practical price of HKD 21,352 per square foot.

Centaline Property states that the original owner purchased the unit in 2016 for HKD 9.14 million, holding it for 10 years and renting it out. The recent transfer resulted in a paper loss of HKD 1.56 million or 17%.

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