2024-02-09 10:30:00
The owner of Taikoo Shing sold out the three-bedroom apartment with sea view at a loss on New Year’s Eve. The value of the three-bedroom apartment with sea view depreciated by 2.7 million in 6 years | Second-hand loss
Blue-chip housing estates continue to lose money in transactions. Wang Xiufen, senior regional sales manager of Centaline Properties Taikoo Shing Chi Kung Pavilion branch, said that Taikoo Shing, Quarry Bay has temporarily recorded 4 transactions this month, and the latest one was recorded today (9th, New Year’s Eve) A case of foreclosure was obtained. The unit is Room G on the lower floor of Zihua Pavilion, with a usable area of regarding 1,015 square feet. The three-bedroom suite is connected to a terrace and enjoys full sea views. It was sold for NT$17.58 million, with a price of regarding NT$17,320 per square foot.
Wang Xiufen revealed that the new buyers are users. The original owner bought the unit in December 2017 for NT$19.2 million and held it for more than 6 years. The sale resulted in a book loss of NT$1.62 million, and the property depreciated by approximately 8.4% during the period. If printing fees and other royalties are taken into account, the actual loss may be regarding NT$2.7 million.
Data shows that the transaction price of the unit on the next floor above the above address reached 25.18 million yuan in September 2021, and the property price dropped by 30% in more than 2 years.
Take a look at Taikoo Shing, Quarry Bay now (House730)
The original article was published on AM730
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