2024-01-17 10:19:22
Single-building buildings in Causeway Bay have frequently recorded losses and transactions. According to news, a group of high-rise buildings recently sold a one-bedroom apartment for NT$8.1 million. The transaction price has depreciated significantly by nearly NT$5 million from the purchase price 12 years ago.
The number of transactions of second-hand properties continues to increase due to the erosion of second-hand properties, and the scope of losses also widens. This includes the single-building building Xiluan in Causeway Bay where music queen Joey Yung once lost a ball. Recent lunar eclipses have resulted in frequent transactions. According to market news, a high-rise one-bedroom unit in Xiluan recently changed hands for NT$8.1 million following several price reductions. The transaction price has depreciated significantly by nearly NT$5 million from the purchase price 12 years ago.
The above-mentioned transaction is for Room H, a high-rise building at No. 38 Hei Wan Street, Causeway Bay. It has a usable area of 428 square feet and is a one-bedroom design. It was originally listed for NT$10.5 million. It was recently sold for NT$8.1 million. The average price per square foot is NT$18,925, which has been reduced to 2.4 million yuan, or a decrease of nearly 23%. It is understood that the original owner purchased it for 12.888 million yuan as early as 2012 and held it for regarding 12 years before changing hands. The book value lost 4.788 million yuan, a depreciation of 37%.
Joey Yung, a wise investor, once sold a house in Sunrise in Causeway Bay at a loss. (Information picture)
Joey Yung also broke his hand and left the field with a ball
Xiluan was occupied in June 2014. The building is nearly 10 years old and has a total of 190 units. The unit’s salable area ranges from 339 to 1,770 square feet. After checking the information, it was found that the owners of Xiluan have generally been selling at a loss in recent years. Among them, the most eye-catching one is the music queen Joey Yung. In February 2022, she sold the low-rise Room A she owned. The unit has a usable area of regarding 465 square feet. At that time, it was priced at 1,025 10,000 yuan changed hands, and the price per square foot was approximately 22,043 yuan. It is reported that the original owners are Joey Yung and her mother or related persons. They bought it for 11.348 million yuan in 2012 and held it for regarding 10 years before changing hands. The book value depreciated by regarding 1.098 million yuan or 9.7%.
Now take a look at the listing of Xiluan in Causeway Bay (HOUSE730)
The original article was published on AM730
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