Real estate market
Written by: Yue Yueting
2019-12-04 18:34
Last updated: 2019-12-04 18:34Although property prices have continued to fall, there are still owners who can make money by selling cash against the market. Pan Shaocong, a host of the famous Lingyi radio station in Hong Kong and known as the "Ghost King", sold the Mong Kok Parkway Tower duplex unit for 32 million yuan, earning nearly 30%.
According to the Land Registry, Room B on the top floor of Parkway Place has a saleable area of 1,634 square feet, with the latest transaction valued at 32 million yuan, or 19,584 square feet.
Pan Shaocong purchased the unit for 24.68 million yuan in June 2016, and sold the product just after the three-year printing period, earning 7.32 million yuan or nearly 30% on the book.
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Second-hand transactions