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Resale three-bedder at Ocean Park nets $2.9 mil profit
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Resale three-bedder at Ocean Park nets $2.9 mil profit
The sale of a three-bedroom unit at Ocean Park was the most profitable transaction during the week of July 8 to 15. The 2,110 sq ft unit on the 16th floor fetched around $4.1 million ($1,943 psf) on July 11. The unit had been purchased for around $1.23 million ($581 psf) in November 2005. As a result, the seller made a profit of $2.88 million (234.7%), or an annualised gain of 6.3% over nearly 20 years. Ocean Park is a freehold development on E…
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