2023-11-13 07:42:06
Residents in the same district spent NT$5.35 million on the market for a three-bedroom apartment with sea views in the southeast of Tsuen Wan Promenade Gardens. The agent pointed out that it is a rare property in a housing estate with a construction cost lower than NT$5.8 million.
Large waterfront housing estates have always been sought following by buyers. With the opening of the Tsuen Wan promenade and cycle track, the appeal and value of Tsuen Wan West Estates have further increased in recent years. Many buyers have taken advantage of the current drop in property prices to seize the opportunity to enter the market. Qiu Hanwei, Chief District Sales Manager of Centaline Properties Tsuen Wan District, said that the branch recently facilitated the transaction of mid-floor Unit F in Block 8 of Tsuen Wan Promenade Garden. The unit has a usable area of 496 square feet and is a three-bedroom unit with sea views and attached decorations. The owner originally offered a price of NT$6.18 million. Recently, The price was reduced to 5.68 million yuan. He pointed out that since the price of a three-bedroom unit with a sea view in a housing estate is rarely lower than NT$5.8 million, and the site is at a very low price, buyers negotiated for it soon following the price dropped. The final transaction was NT$5.35 million, with an average price per square foot of NT$10,786. reduced to 13%.
Qiu Hanwei continued that the new buyer was a homeowner in the same area. Seeing that property prices had dropped significantly, he took the opportunity to enter the market and buy a car. The unit at the address above faces the southeast, has sea views and is decorated, and can be bought and moved in immediately, so he quickly took over the contract. . The original owner bought it at the beginning of 2020 for NT$6.3 million and held it for more than 3 years. He exited the market with a current loss of NT$950,000. The unit depreciated by regarding 15% during the period; if usage fees are taken into account, the actual loss is expected to be regarding NT$1.2 million.
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The original article was published on AM730
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