2024-02-23 01:03:52
The owners of 3 housing estates in the New Territories did not want to wait for the budget. They all lost more than “1 goal” and left the market | Second-hand loss
The new “Financial Budget” will be released next Wednesday (28th). Faced with the continued decline in property prices and the sluggish sentiment in the property market, many voices are calling on the government to “reduce” or even “withdraw the heat”, hoping that the government will launch a new round of Measures to stimulate the property market. However, second-hand owners are eager to sell and leave the market at a loss. Three housing estates in the New Territories recorded loss transactions, with losses exceeding NT$1 million each, among which the largest depreciation was 24%.
Li Zongwen, regional sales director of Centaline Properties Shatin City Center Branch, said that Shatin Center recorded its first transaction in February. The unit is Room E on the middle floor of Haining Building (Block B), with a usable area of regarding 288 square feet and two rooms separated. The asking price in November last year was regarding NT$5.48 million, which was lowered to NT$4.6 million in January this year. It finally changed hands for NT$4.238 million, a cumulative decrease of NT$1.242 million or regarding 22.7%, and the price per square foot was regarding NT$14,715.
It is understood that the new buyers are buyers. Seeing that property prices have dropped significantly and the units are well spaced, the owners have greater room for negotiation, so they seize the opportunity to buy units for their own use. The original owner purchased the unit for NT$5.58 million in 2020 and held it for regarding 4 years. It has now resold with a book loss of approximately NT$1.342 million, and the property has depreciated by approximately 24.1% during the period. Lai Zongman added that the New Year holiday atmosphere has gradually dissipated in recent days, and transactions have gradually accelerated. Sha Tin and Tai Wai districts have temporarily recorded regarding 28 transactions this month, which is more than 40% lower than the same period last month.
Sha Tin Center recorded its first transaction in February. (Information picture)
The price of two-bedroom apartments in Ju Hong Villa in Tuen Mun has dropped by regarding 22.7% in more than three years. (Information picture)
The two-bedroom apartment in Jiahua Xingtao Bay changed hands for NT$6.99 million in just 3 days. (Information picture)
Mainland professionals spend 4.5 million to buy two rooms in Jukang Villa
Zhong Hongyuan, senior divisional sales manager of Tuen Mun District of Centaline Real Estate, pointed out that Room D on the middle floor of Tower 1 of Ju Hong Villa in Tuen Mun has a usable area of regarding 428 square feet and is separated by two rooms. The original asking price was NT$5 million, but the price was finally reduced by NT$500,000, or 10%, to NT$4.5 million, and the price per square foot was approximately NT$10,514.
Chung Hong-yuan revealed that the buyer was a mainland professional and the unit he wanted was practical and practical. In addition, the location of the housing estate was very convenient for traveling between China and Hong Kong, so he bought the property for his own use. The original owner bought the unit for NT$5.82 million in November 2020 and held it for more than 3 years. It now resold with a book loss of NT$1.32 million. The property price fell by approximately 22.7% during the period.
Jiahua Xingtaowan two-bedroom apartment evaporated by 1.51 million in 3 years
Li Jianfeng, assistant regional sales director of Century 21 Qifeng Property Jinfeng Branch, said that Room D, a high-rise building in Tower 1, Xingtao Bay, Ma’anshan, has a usable area of regarding 466 square feet and is separated by two rooms. The unit sits facing southwest with sea view. The original asking price was NT$7.3 million. It was put on the market for only 3 days. It changed hands for NT$6.99 million, a price reduction of NT$310,000 or regarding 4.2%, and the price per square foot was regarding NT$15,000.
It is reported that the original owner purchased the unit for 8.5 million yuan in 2021 and held it for regarding 3 years. Now it has resold with a book loss of 1.51 million yuan, and the property has depreciated by approximately 17.8% during the period.
The original article was published on AM730
1708666635
#owners #housing #estates #Territories #wait #budget #lost #goal #left #market #Secondhand #loss
