Recent short-term speculative sales have been recorded in the secondary property market in Hong Kong. For instance, USIERRA SEA Phase 2A Block 2 low-level H unit, a 433-square foot 2-bedroom apartment, was sold to a hold-and-sell investor for 6.52 million HKD, translating to a square footage price of approximately 15,058 HKD. The property was originally purchased by the current owner in January, with a purchase price of about 5.0267 million HKD, implying a holding period of approximately 10 months and a paper profit of over 1.4933 million HKD, or a rise of about 30%. In North Point, the Unit 4 High D in Harbour Centre, a 733-square foot 3-bedroom apartment, was sold for 11.4 million HKD by Century 21 Union, a sales agency. Hong Kong estate agent Carl Chi Kam Yip from Century 21 said that the apartment was initially marked at 11.8 million HKD but was later reduced by 400,000 HKD. The buyer purchased it at 11.4 million HKD, with a square footage price of around 15,553 HKD. The original owner bought the property in August of last year for 8.7 million HKD, holding it for only 15 months and making a substantial profit of 2.7 million HKD, or a rise of about 31%. In Yuen Long, a 552-square foot 2-bedroom unit at Lang Yi Jui estate was sold to first-home buyers for 6.1 million HKD, with a square footage price of approximately 11,051 HKD. The original owner bought the property in July of last year for 4.82 million HKD, holding it for less than 18 months and making a profit of about 1.28 million HKD, or 27%.