2023-11-01 13:00:00
The long-term owner slashed the price of 2.2 million yuan for a three-bedroom house in a well-established North Point housing estate and sold it for 5.1 million | Second-hand market conditions
Second-hand property prices have fallen, and some long-term owners have faced the reality of selling their properties at bargain prices to cash out, locking in profits and leaving the market. Pak Fook Garden, a long-established housing estate in North Point, recently recorded a related transaction. Lin Longnan, senior senior regional sales director of North Point District of Centaline Real Estate, said that Room E on the middle floor of Baili Pavilion in Baifu Garden has a usable area of regarding 597 square feet, with three rooms separated and facing the southeast.
In order to sell the goods as soon as possible and leave the market, we are willing to sell at a large price.
It is understood that the original owner has moved out of town, and the asking price was NT$7.3 million when it was put on the market in May this year. Seeing that the market conditions were quiet, in order to sell the goods as soon as possible, he was willing to sell at a significant discount, and finally sold it for NT$5.1 million, and it was put on the market for regarding half a year. The cumulative reduction is NT$2.2 million or approximately 30.1%, and the price per square foot is approximately NT$8,543.
The original owner bought the unit for NT$255,000 in 1981 and held it for 42 years. He made a profit of NT$4.845 million when it changed hands, and the unit appreciated 19 times in value during the period.
Information shows that Room E on the same high-rise building in the housing estate has the same usable area of regarding 597 square feet and three rooms. It was sold for NT$8.1 million in October last year, with the price per square foot reaching NT$13,568.
Pak Fook Garden is located at 151 to 173 Tin Hau Temple Road. It was completed in April 1981. It has 12 blocks and provides 1,421 units. The salable area of the units ranges from 304 to 1,175 square feet.
Take a look at Pak Fook Garden in North Point for sale now (House730)
The original article was published on AM730
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