The latest sale of a 428-square-foot high-rise unit in Sheung Chui Court in Tsuen Wan was recorded at $5.56 million, a cumulative reduction of $1.24 million from the initial asking price of $6.8 million, according to Mr. Frankie Ko, Senior Divisional Sales Manager of Midland Realty's Greenwood Sun Chuen Branch.

The transaction was for a flat in Unit 03, Block A, Sheung Chui Court, Tsuen Wan, with a saleable area of 438 square feet, said Mr O.

It is understood that the unit was put up for sale at $6.8 million in May last year, and then the price was adjusted to $5.7 million several times, finally early in the month by the green meter customers in the area, the buyer liked the unit is located in the high-rise, the landscape is beautiful, the decoration enterprise reasonable, so the bargaining price of $140,000 for $5.56 million in the second market to buy the unit, which is equivalent to the practical price of $12,694, is the second transaction of this month in Sheung Chui Court, now the housing estate is about 15 units.

The original owner purchased the flat in 2017 for $2,759,200 and has held the property for less than 6 years, making a profit of about $2,800,000 on resale.