2024-01-22 01:00:19
Home ownership housing explosion caused 3 cases to leave the market with millions of dollars in losses!Two houses near the railway station in Kowloon have lost 30% of their value in 4 years (more pictures) │Second-hand loss
The wave of loss has spread to the second-hand home ownership market. Recently, there have been three consecutive cases of owners selling their properties with losses exceeding one million yuan.
Adjacent to the MTR Lam Tin Station, Hong Tin Court in Lam Tin has recorded five transactions so far this month. Lin Xiaoyan, senior account manager of Merrill Lynch Real Estate, said that there are three high-rise rooms in Block A (Yukang Pavilion) of Kangtian Court, with a usable area of about 420 square feet, two rooms separated, and facing the southeast. The transaction price was 4.5 million yuan, and the price per square foot was about 10,714 yuan. With reference to the online valuations of units by large banks, they range from about NT$4.73 million to NT$4.85 million, which means the latest transaction price is about 4.9% to 7.2% lower.
The original owner purchased the unit without decoration for NT$6.39 million in 2019 and held it for about 4 years. The current resale book loss is NT$1.89 million or about 29.6%. After taking into account decoration fees and usage fees, the actual loss is likely to be higher. big. As can be seen from the photos provided by the agent, the unit is elegantly decorated and well maintained overall.
⇊Go directly to Room 3, high-rise building, Block A, Hong Tin Court⇊
Yundie Garden Two-Bedroom 3Lose 150 per yearTen thousand
Li Zongwen, regional sales director of Centaline Properties Shatin Town Center Branch, pointed out that Room G on the low floor of Tower 4, Yundie Garden, Tai Wai has a usable area of about 428 square feet and is separated by two rooms. The original asking price was about 4.8 million yuan. After recent negotiations, it changed hands at the free market price of 4.3 million yuan, a cumulative reduction of 500,000 yuan or about 10.4%, and the price per square foot is about 10,047 yuan.
It is understood that the new buyer is a boarder. Seeing that the environment of the housing estate is comfortable, the facilities are complete, and the units are well spaced, he seizes the opportunity to enter the market and live in the unit for himself. The original owner purchased the unit in 2021 for NT$5.8 million and held it for about 3 years. Now it has a book loss of about NT$1.5 million when it is resold. The property depreciated by about 25.9% during the period.
Home ownership housing explosion caused 3 cases to leave the market with millions of dollars in losses!Two houses near a railway station in Kowloon have lost 30% of their value in four years (more pictures) | Second-hand loss
Yingming Court one-bedroom price reduction 83Everything changes hands
Century 21 Property (Tseung Kwan O) branch manager Wei Shiliang said that there are four high-rise rooms in Block E (Ming On Court) of Ying Ming Court in Tseung Kwan O. The usable area is about 554 square feet. It is a one-bedroom design with beautiful decoration and open mountain views. The unit was put on the market in October last year, with an asking price of NT$5.68 million, a cumulative decrease of NT$830,000, or about 14.6%. It was accepted by an owner from outside the district for a price of NT$4.85 million including land, and the price per square foot was about NT$8,755.
It is reported that the original owner purchased the unit for NT$5.96 million in 2017 and held it for about 7 years. It has now been resold with a loss of NT$1.11 million. The property price fell by approximately 18.6% during the period. From the photos provided by the agent, it can be seen that the unit is elegantly decorated and well-organized. The hall and bedrooms are very spacious and spacious. It also offers views of the green mountains, ample lighting, and high quality.
⇊Go directly to Room 4, high floor, Block E, Ying Ming Court (Ming On Court)⇊
The original article was published on AM730
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