Tencent (00700.HK) President Martin Lau recently sold a three-bedroom unit at Firehorse Ridge's Junjing Garden for HKD 12.5 million, realizing a paper profit of HKD 2.6 million, or 26.3%, after holding the property for approximately 13 years.
Data indicates that Unit F on a high floor of Building 9 at Junjing Garden, with a practical area of 974 square feet and a three-bedroom layout, was sold mid-last month for HKD 12.5 million, at a price of HKD 12,834 per square foot.
In February this year, Martin Lau sold another three-bedroom unit, Unit F on a low floor of Building 10 in the same estate, for HKD 10 million. By comparison, the transaction price of the unit sold this time was 25% higher.