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Veteran Hong Kong entertainer Eric Tsang Chi-wai, along with his daughter Bowie Tsang and others, sold a unit of The Cliveden in Tsuen Wan for HK$12.4 million amid the luxury residential market frenzy, yielding a nearly 8 percent appreciation, or a paper gain of about HK$900,000, after more than a decade of holding.
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The transaction includes a 1,107-square-foot, three-bedroom flat and three parking spaces. The unit was priced at HK$11,201 per sq ft.
The flat was previously purchased by a company whose directors included Eric Tsang, Bowie Tsang, and others, for HK$10.8 million in 2012, with a parking space.
In 2015, the firm bought two more parking spaces for about HK$700,000, bringing the total amount to nearly HK$11.5 million.
