The three-bedroom unit at The Imperial Bay in Tseung Kwan O sold for HKD 11.5 million, with the original owner making a profit of approximately HKD 580,000 after holding it for ten years

The regional manager of the Tseung Kwan O branch of Midland Realty, Luo Dingkang, stated that the branch recently facilitated the second-hand transaction of Unit A on the high floor of Block 7 in the Tseung Kwan O Oceanview. The unit has a usable area of approximately 761 square feet, consists of three rooms, and faces east with a sea view.

Luo Dingkang pointed out that the unit was originally listed for HKD 12 million. Recently, a local buyer inquired, and after negotiation, the owner agreed to reduce the price by HKD 500,000, resulting in a transaction price of HKD 11.5 million, which translates to a price per usable square foot of HKD 15,112. The transaction price is about 10% lower than the bank's valuation of HKD 12.78 million.

It is reported that the original owner purchased the unit in July 2015 for approximately HKD 10.92 million and held it for about ten years. This time, the resale yielded a paper profit of about HKD 580,000, or approximately 5.3%