2024-01-14 09:28:04
The property market is down, and the prices of mini units that have lost demand have plummeted. The property prices of Park YOHO series in Kam Tin North, Yuen Long, have fallen below the “3 ball” for the first time, setting a record low price for housing estates. The original owner’s stock has lost nearly 30% in more than three years.
Midland Zhang Guocheng pointed out that Room E, a high-rise building in Tower 15B, Park YOHO Genova, has a usable area of about 251 square feet and an open partition. It was put on the market for about HK$3.8 million in September last year. The price has recently been adjusted to about HK$3 million, and finally reduced to about HK$295. 10,000 yuan changed hands, and the price per square foot was approximately 11,753 yuan.
It is reported that the original owner purchased the unit for about 4.2 million yuan in September 2020. He held it for more than 3 years and suffered a book loss of about 1.25 million yuan. The unit depreciated significantly by about 29.8%.
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