2024-01-25 00:50:22
Owners of 3 housing estates in the New Territories entered the market in 2020 and both houses are bleeding. They will lose at least 10% of their sales | Second-hand loss
The second-hand market situation is still weak, and the cases of owners selling properties at a loss continue. Three housing estates in the New Territories have all experienced losses in sales. The owners also entered the two-bedroom units in the market in 2020, and now they have left the market with a loss of more than 10% on the resale book.
The price of a two-bedroom apartment in Jiulongshan dropped by more than NT$10,000 per square foot.
Zhou Jiajie, deputy sales manager of the first branch of Centaline Real Estate New Territories East Luxury Yulongshan Branch, said that Jiulongshan in Jiudushan temporarily recorded two transactions in January, and the latest one was Room F on the middle floor of Rilong Pavilion (Block A1), with a usable area of regarding 681 square meters. sq. ft., separated by two rooms, enjoying mountain views. The original asking price was regarding NT$7.2 million. After negotiation, the price was reduced by NT$500,000, or regarding 6.9%, to NT$6.7 million. The price per square foot was regarding NT$9,838, falling below the NT$10,000 mark.
Zhou Jiajie revealed that the new buyer is a local user. Seeing that the environment of the housing estate is comfortable and the cost of the unit is reasonable, he decided to buy the unit to live in. It is understood that the original owner purchased the unit for 7.5 million yuan in 2020 and held it for regarding 4 years. The book loss was regarding 800,000 yuan when it was resold, and the property depreciated by regarding 10.7% during the period.
Jiudushan Jiulongshan temporarily recorded 2 transactions in January. (Information picture)
Xingang City temporarily recorded 11 transactions this month, which is close to the level of regarding 12 transactions recorded in the whole month last month. (Information picture)
The high-rise two-bedroom apartment in Royal Mid-Levels has been sold for regarding NT$2.26 million, or regarding 31%, in regarding two months. (Information picture)
Xingang City’s high-rise buildings changed hands for RMB 5.4 million
Xu Kezhi, senior regional sales director of Centaline Properties Ma’anshan, pointed out that Ma’anshan Xingang City temporarily recorded 11 transactions this month, which is close to the level of regarding 12 transactions recorded in the whole month last month; the housing estate’s latest acquisition is Room 08, a high-rise building in Block R, with a usable area of regarding 369 square feet. The two rooms are separated by a garden view. The house was initially put up for sale with an asking price of NT$5.98 million, but it subsequently decreased by NT$580,000, or approximately 9.7%, and changed hands for NT$5.4 million, with a price per square foot of approximately NT$14,634.
Xu Kezhi continued that the new buyer was a passenger who bought the unit for his own use following seeing that the units were shared. It is understood that the original owner bought the unit for regarding 6.5 million yuan in 2020 and held it for regarding 4 years. Now it has a book loss of 1.1 million yuan when it is resold, and the property lost regarding 16.9% during the period.
The first-hand owner of Yubanshan’s immigration is in urgent need of 2.26 million yuan
Zeng Huijing, manager of Centaline Real Estate’s Tuen Mun Royal Levels branch, said that Room E, a high-rise building in Tower 2B of Tuen Mun Royal Levels, has a usable area of regarding 441 square feet, with two rooms separated and enjoying mountain views. The asking price in November last year was NT$7.28 million. Due to the urgent sale of the owner who immigrated, the listing price dropped by NT$2.26 million or regarding 31% in regarding two months to NT$5.02 million. The price per square foot was regarding NT$11,383.
Zeng Huijing added that the buyers were buyers from the same area, and there were many options for sale. The market sentiment has improved recently, and interest rate cuts are expected, so they took advantage of the situation to buy a property. The original owner bought the unit for NT$7.2191 million in 2020 and held it for regarding 4 years. It has now lost NT$2.1991 million on resale. The property price fell by regarding 30.5% during the period.
The original article was published on AM730
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