2024-01-16 01:10:26
Owners face reality! 4 housing estates are now sold at split prices of “3 balls”, the price of two-bedroom units in Taikoo Shing is as low as 11,000 | Second-hand market conditions
Second-hand property prices continue to find their bottom. The market is looking forward to the opportunity for the Budget to be announced next month to introduce measures to stimulate the property market. However, it has failed to enhance the confidence of property owners. Some bidding positions have significantly softened, and they are willing to face the reality and slash prices. Please sell for cash. Recently, there have been 4 housing estates on the market with price cuts exceeding NT$3 million. Among them, Taikoo Shing, Quarry Bay, one of the blue-chip housing estates, has recorded 2 transactions in a row, with the price of two-bedroom units reaching as low as NT$11,000 per square foot.
Taikoo Shing tentative record for this month 13Transaction
Zhao Hongyun, senior regional sales director of Taikoo Shing District of Centaline Properties, said that Taikoo Shing has continued to trade, with 13 transactions temporarily recorded this month, compared with 7 transactions in the same period last month, an increase of 86%, and the average price per square foot was quoted at approximately NT$14,405.
Zhao Hongyun pointed out that Room G on the high floor of Yishan Pavilion has a usable area of about 685 square feet, with three rooms separated, facing the north, looking at the office building and street view, and with elegant decoration. The unit was put on the market for NT$12.2 million at the end of July last year and was finally sold for NT$8.8 million. The unit has dropped by NT$3.4 million or nearly 28% in the past six months, and the price per square foot is about NT$12,847. It is understood that the original owner bought the unit for NT$4.23 million in March 2009 and held it for nearly 15 years. This time he sold the unit with a book profit of NT$4.57 million, or about double the profit.
Market news indicates that Room A on the middle floor of Yishan Pavilion has a usable area of about 593 square feet and is separated by two rooms. It was put on the market for NT$10.2 million in May last year, but was lowered to NT$7.9 million in December last year. It was finally sold for NT$7 million, a cumulative decrease of NT$3.2 million or 31.4%, and the price per square foot was as low as about NT$11,804. It is reported that the interior of the unit has been renovated for many years and faces the school playground, so the price per square foot is relatively affordable.
North Point Mid-Levels high-rise apartment listings have dropped by RMB 392 in half a yearTen thousand
Cai Jiajun, co-director of Century 21 Sunrise Real Estate, pointed out that Room 01, a high-rise building in Block C, Golden Dragon Building, Golden Dragon Terrace, Mid-Levels, North Point, has a usable area of about 1,140 square feet. The unit is a three-bedroom, two-living master suite with a separate worker’s room. The unit mainly overlooks the building view. With 1 parking space for sale, the original owner put the listing price at NT$23 million. In the end, the price was significantly reduced by NT$3.92 million, or about 17%, to NT$19.08 million, and the price per square foot was approximately NT$16,737. At the beginning of last year, the transaction price of similar low-rise units reached NT$19.19 million. Yuan, which means that the latest transaction price of high-rise units is equivalent to the selling price of low-rise units a year ago.
Cai Jiajun added that the original owner purchased the unit in May 1995 for NT$6.83 million and held it for more than 28 years. Now he has made a huge profit of NT$12.25 million on resale, and the property has appreciated approximately 1.8 times during the period.
Three-bedroom apartment in Sun Peak Garden, Tai Po, for sale at 9,283 square feetYuan
Owners of large housing estates in the New Territories also chose to sell at reduced prices and leave. Wu Yirong, branch manager of the second branch of Centaline Real Estate New Territories East Luxury Villas, Yi Long Bay, said that Tai Po Xinfeng Garden recorded its first second-hand transaction this month. The unit is a mid-floor D room in Block 31, with a usable area of about 948 square feet. It has three bedrooms with suites and workers. The suites are separated and have towering views. The asking price in July last year was about NT$12.5 million, which dropped to NT$9.7 million in early January this year. After recent price negotiations, it finally changed hands for NT$8.8 million, a cumulative decrease of NT$3.7 million or about 29.6%, and the price per square foot is about NT$9,283.
Wu Rirong continued that the new buyer was a flat changer in the same area. Seeing that the environment of the housing estate was comfortable, the units were well spaced, and the owners also provided reasonable bargaining space, they took the opportunity to buy the units for themselves. It is understood that the original owner purchased the unit in 2006 for 4.08 million yuan and held it for about 18 years. The book profit was about 4.72 million yuan when it was resold. The property appreciated by about 1.1 times during the period.
Tsing Yi Harbor View Four-Bedroom Suite 1265Wangu
Huang Zhengyuan, district sales manager of Centaline Real Estate Tsing Yi City Branch No. 3, said that Room A, a high-rise building in Tower 5, Hao King Wan, Tsing Yi, has a usable area of about 853 square feet. It has four bedrooms and suites. It faces the northeast and enjoys open sea views. It was put on the market in April last year. The initial asking price was NT$15.8 million, which was recently adjusted to NT$13.8 million. It finally changed hands for NT$12.65 million. The house has been on the market for about 9 months, with a cumulative decrease of NT$3.15 million or nearly 20%. The price per square foot is about NT$14,830.
It is understood that the new buyer is a property changer in the same district. After looking at the property for a while, he saw that the recent interest rate was about to peak and the market atmosphere improved. After some negotiation on the price, he finally made the decision to buy the unit. The original owner bought the unit for NT$5 million in April 2009 and held it for nearly 15 years. He made a profit of NT$7.65 million when it changed hands. The unit appreciated by about 1.5 times during the period.
The original article was published on AM730
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