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Green Yang New Village Two-Bedroom Apartment Appreciates 15 Times in 43 Years
Tsuen Wan Green Yang New Village, Tower S, High Floor Unit 8.
Practical area: 475 sq ft; 2-room layout; facing southwest; enjoying an open city view.
No renovation.
The property was put on the market for only 1 day before being taken up by tenants from outside the district.
Asking price: 6.50 million; final sale price: 6.28 million.
Practical price per sq ft: 13,221 yuan; at market price.
Centaline Property Agency said the unit was purchased by the original owner in 1983 for 386,650 yuan.
It is currently held by his son and is an inheritance property.
Based on the transaction price of this sale, the property has appreciated by 5.89335 million yuan or 15 times over 43 years.