9th January 2025 – (Hong Kong) A three-bedroom flat in Kornhill, Quarry Bay, has recently been sold at a loss, marking another instance of reduced property values in the area. The high-rise unit, located in Block A, has a saleable area of approximately 710 square feet and offers mountain views. It was sold for HK$9.08 million, equating to a price of around HK$12,789 per square foot.
The new buyer is reportedly an end user. The original owner purchased the property in 2012 for HK$9.1 million, meaning that after more than 12 years of ownership, they incurred a loss of HK$20,000 upon resale. Currently, the Kornhill estate has recorded approximately two secondary property transactions in January.
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