Property News · July 2, 2019

Hong Kong public housing flat sells for record HK$5.26 million


Hong Kong’s property market continues to make waves in these turbulent times.A 598 square feet flat at Fung Tak Estate in Wong Tai Sin, Kowloon, has been sold for HK$5.26 million (US$674,000), making it the most expensive public rental housing unit in Hong Kong, according to data from the Housing Authority.The new buyer has shelled out more than 14 times the HK$370,000 the original owner ­paid for the flat in 1998. In the process, it broke the record set by a 544 sq ft public housing flat in…

Source : South China Morning Post
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