2023-11-12 06:09:48
Grand YOHO in Yuen Long recorded a loss-of-concession transaction. A high-quality two-bedroom apartment with an inner garden was sold at a loss-of-concession price of NT$7.45 million, a price decrease of NT$1.44 million compared with similar units five months ago.
The market atmosphere has improved recently, and owners are generally willing to provide a certain amount of room for negotiation. Many buyers have taken advantage of the situation and accelerated their entry into the market. Wang Qinxue, deputy regional sales manager of Centaline Real Estate in Yuen Long, said that Yuen Long Grand YOHO recently recorded a transaction for Unit D of 10 very high-rise buildings. The unit has a view of the inner garden swimming pool. It is a two-bedroom high-quality unit in the housing estate. The usable area is 519 square feet. The initial asking price is 800. Ten thousand yuan, it has been on the market for about a month. The price is now reduced by 550,000 yuan, and it is sold for 7.45 million yuan, with an average practical square foot price of 14,355 yuan.
Similar households were sold for 8.89 million in July
After checking the information, we found that the last transaction of a similar type of unit in the housing estate was Room D, a high-rise building in Tower 2, which was sold for NT$8.89 million in July this year. It can be seen that similar units have dropped in price by NT$1.44 million or 16% in 5 months. Wang Qinxue also pointed out that the original owner bought the unit in September 2016 for 8.476 million yuan, held it for 7 years and changed hands, and now left the market with a book loss of 1.026 million yuan, a loss of 12%.
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The original article was published on AM730
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