2023-11-05 23:00:00
Private buildings in Kowloon are under erosion!Aihaisong’s three-bedroom apartment lost RMB 1.566 in 3 years, while the two-bedroom apartment in Wanli Harbor City depreciated by more than 20% | Second-hand loss
After the property market became less hot, it stimulated an improvement in second-hand transactions. However, the loss-making trend continued, and private housing estates in Kowloon District successively recorded loss-making sales transactions by owners.
Liu Canheng, manager of Centaline Real Estate West Kowloon Nanchang Branch, said that the market has recently recorded a transaction of Ai Hai Song Eclipse in Sham Shui Po. The unit is a low-rise D room in Tower 1, with a usable area of regarding 695 square feet. It is divided into three-bedroom suites and has a worker’s room. . The unit faces the south and overlooks the open city view. It changed hands for NT$10 million, with a price of regarding NT$14,388 per square foot. It is reported that the original owner purchased the unit for NT$11.56 million in 2020 and held it for regarding 3 years. The unit sold now suffered a book loss of NT$1.56 million, and the unit depreciated by approximately 13.5% during the period.
The owner of Lam Tin Laguna City, one of the blue-chip housing estates, also left with a loss of “seven figures”. Market news indicates that the middle-floor G room in Block 18 of the housing estate has a usable area of regarding 517 square feet. The original asking price was NT$7 million, which had depreciated by NT$200,000 from the purchase price. It was finally sold for NT$5.65 million, a cumulative decrease of NT$1.35 million or approximately 19.3%, and the price per square foot was approximately NT$10,928. It is reported that the original owner purchased the above address for NT$7.2 million in 2018 and held the property for regarding 5 years. It has now incurred a book loss of NT$1.55 million when it was resold. The price of the unit fell by approximately 21.5% during the period.
Private buildings in Kowloon are under erosion!Aihaisong’s three-bedroom apartment lost RMB 1.566 in 3 years, while the two-bedroom apartment in Wanli Harbor City depreciated by more than 20% | Second-hand loss
Two-bedroom apartment in Kadoorie Peak, Ho Man Tin, sold for 925Ten thousand Second-hand new low prices in housing estates
According to market news, Room C on the lower floor of Kadoorie Peak in Ho Man Tin has a usable area of regarding 533 square feet and a two-bedroom separation. The transaction price was NT$9.25 million. It is a new low-price second-hand housing estate with a price per square foot of regarding NT$17,355. It is understood that the original owner purchased the unit in 2014 for 9.794 million yuan and held it for regarding 9 years. The book suffered a loss of 544,000 yuan, and the unit depreciated by regarding 5.6% during the period.
Kaduoli Peak has recorded many second-hand transactions in recent years. According to data, a low-rise A-room three-bedroom apartment with a usable area of regarding 918 square feet was sold for NT$16.5 million in August this year, with a price of regarding NT$17,974 per square foot. The original owner bought it in 2015 The purchase price was 17.862 million yuan, and the loss following holding the stock for regarding 8 years was 1.362 million yuan, or regarding 7.6%.
Mobil Sincun holds 10Still losing 4% per year
Another benchmark housing estate in Kowloon is Mei Foo Sun Estate in Lai Chi Kok. According to sources, Room C on the lower floor of No. 119 Broadway Street in Phase 4, with a usable area of regarding 701 square feet and three-bedroom partitions, was sold for regarding NT$6.4 million. The price per square foot was as low as regarding NT$9,130. . Information shows that the original owner purchased the unit for NT$6.7 million in 2013 and held it for regarding 10 years, with a book loss of NT$300,000. The price of the unit fell by regarding 4.5% during the period.
Private buildings in Kowloon are under erosion!Aihaisong’s three-bedroom apartment lost RMB 1.566 in 3 years, while the two-bedroom apartment in Wanli Harbor City depreciated by more than 20% | Second-hand loss
The original article was published on AM730
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