Severe tropical storm “Masaan” hit Hong Kong on Wednesday, and the typhoon signal No. 8 was hoisted for about 14 hours, but it did not hinder the public’s desire to enter the market. Among them, a three-bedroom transaction case was recorded in Taikoo Shing, a blue-chip housing estate in Quarry Bay.
According to Li Baida of Centaline Real Estate, Room H on the upper floor of Haitang Court has a usable area of about 1,114 sq. At the end of May, the original asking price was 29 million yuan, but it was finally accepted by the user at 25 million yuan, a cumulative decrease of 4 million yuan or about 14%, and the square foot price was about 22,442 yuan. Similar units were reported to have sold for $27.6 million last month, or about 9.4 per cent or $2.6 million a month apart. The original owner bought it for 1.137 million yuan as early as 1985, and he still made a big profit of 23.863 million yuan or about 21 times the book when he changed hands.
The owners of Xinbaocheng are bearish on the market outlook and sell two rooms for 6.5 million
In addition, Wu Jinji of Centaline Real Estate revealed that the high-rise G room of Block 6, Xinbao City, Tseung Kwan O, has a usable area of about 379 square feet, with two rooms separated, facing the southeast, looking out to the sports field and sea view. It was put on the market for 7.6 million yuan last month and finally sold for 6.5 million yuan, or about 17,150 yuan per square foot. It is understood that the original owner was bearish on the market outlook, and finally sold the goods at a substantial price cut of 1.1 million yuan or about 14.5%. According to the original owner’s purchase price of 2.16 million yuan in 2008, the current transfer book still has a profit of 4.34 million yuan or about 2 times.
Originally published on AM730 https://www.am730.com.hk/Real Estate/No.8 typhoon enters the market – Taikoo Shing three-bedroom sold for 2.6 million in one month/335501?utm_source=yahoorss&utm_medium=referral