Real estate market
Written by: Cai Weinan
2021-04-21 20:15
Last update date: 2021-04-21 20:19
Many politicians have successively sold properties. Former Legislative Councillor Cheng Kar-fu held the double-numbered parking space on the South Horizons Peninsula in Ap Lei Chau this month for 1.88 million yuan. The holdings lasted for nearly 24 years, and the book made a profit. 1.01 million yuan or 1.16 times.
1.88 million sold Haiyi parking account to earn "one goal"
According to information from the Land Registry, the above-mentioned parking spaces are double-numbered parking spaces at the South Horizons Phase 3 parking lot, with a transaction price of 1.88 million yuan.
The owner of the parking space is CHENG KAR FOO ANDREW, who bought the parking space in 1997 for 870,000 yuan.
It is understood that Cheng Jiafu has lived in the South Horizons Peninsula for many years. In 1996, he bought a two-bedroom unit in the estate for 3.73 million yuan for self-occupation. Then in 2019, he sold goods for 9.48 million yuan and cashed out. The book profit was about 5.75 million yuan. He is still renting. Lives in South Horizons.
It is known that Cheng Jiafu’s wife also sold a high-rise, two-bedroom unit in Phase 1 of Metro City, Tseung Kwan O, with a saleable area of 364 square feet, for 6.72 million yuan.
Together with the above-mentioned parking spaces on the South Horizons, the relevant persons of Cheng Jiafu will cash out about 8.6 million yuan in a short time.
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