Ms. Audrey Eu sold HK$36 million luxury house in Mid-Levels West at 16% below the construction cost two years ago

Audrey Eu sells her Mid-Levels West mansion for HK$36 million.

In Hong Kong, political figures frequently sell their properties, in addition to the Labor Party’s Lee Cheuk-yan and the Democratic Party’s Lam Cheuk Ting have sold their properties, former Civic Party leader and senior barrister Audrey Eu or related persons, also recently sold a property in Mid-Levels West for HK$36 million ($4,643,900).

Apple Daily reported that the low-rise unit in Block C of Hong Court on Conduit Road, with a usable area of 2,027 square feet, was sold last month for $36 million with a parking space, at a usable square foot price of $17,700. According to the Land Registry information, the original owner of the unit in 1988 to spend 2.3 million yuan to buy, the registered owner, Ms. Audrey Eu, the former leader of the Civic Party, the same person, according to reports, earlier the unit in the market asking price of $ 42 million, the sale of the property sold at a reduced price of $ 6 million, holding 33 years, the account earned $ 33.7 million, an increase of nearly 15 times.

The property is an old luxury house on Conduit Road, has 59 years of age, adjacent to the new building Dunhao, property transactions are not much, just changed hands with the same floor sale, back to March 2019, 2 years ago the price of 21,000 square feet. This Time, Yu sold the unit sized price is 16% lower.

Earlier Labor Party Vice Chairman Lee Cheuk-yan sold his owner-occupied unit in Mei Foo Sun Chuen, a long-established housing estate in Lai Chi Kok, for $10 million, while Democratic Party Vice Chairman Lam Cheuk Ting also sold his 3-room owner-occupied property in Tsui Wu Garden, Sha Tin, for $12.68 million.