"Harbour Building" Clear Water Bay Aolung Top Floor Four-Bedroom Owner's Listing Sold for HKD 27 million, 10% below market price, 34% depreciation over eight years

The operating director of Century 21 Qifeng Properties, Liao Zhenxiong, stated that the top-floor unit of Block 8 at Clearwater Bay Road in Sai Kung, with a usable area of 1,841 square feet, features a layout of four bedrooms, two living rooms, and two suites, offering mountain views. The owner recently put it on the market for sale, and it was ultimately sold to a buyer in just three days for HKD 27 million, with a price per usable square foot of HKD 14,666, which is about 10% lower than the market price.

Liao mentioned that the original owner purchased the property from the developer in February 2018 for HKD 41.18 million, and it subsequently became a distressed sale, with the unit depreciating by HKD 14.18 million or approximately 34.4% over eight years