2023-11-12 23:00:00
The price of three-bedroom apartments in Fuze Garden dropped from the high level by nearly three thirds, and the enthusiastic owners spent RMB 1.6 million and still left the market with a huge profit | Second-hand property transaction
As the property market sentiment improves, users are accelerating their entry into the market, and there is no shortage of offers being accepted at reduced prices. Lam Chi Tat, Chief District Sales Director of North Point Mid-levels of Centaline Properties, said that Room A on the high floor of Fu Tat House in Fu Chak Garden, North Point, has a usable area of regarding 650 square feet. It is divided into three-bedroom suites and faces the southwest, enjoying open city views.
Lin Zhida revealed that the unit was originally put on the market for NT$10.2 million, but was finally sold for NT$8.6 million, a cumulative decrease of NT$1.6 million or regarding 15.7%, and the price per square foot is regarding NT$13,230. Comparatively, units of the same type were transacted for regarding NT$12 million during the peak period of property prices, which means that the current construction cost has dropped by regarding NT$3.4 million or regarding 28.3% from the higher level.
Information shows that a low-rise Tower A with the same number of seats, with similar practical area and layout, was sold for NT$9.986 million in July last year, with a price of approximately NT$15,363 per square foot.
Original owner 33Year ago it was 123.8Wan enters the market
It is understood that the new buyer is an owner. Seeing that the units are well spaced and can overlook the open cityscape of Central and Sheung Wan, the asking price is attractive. After negotiating the price, he feels that the unit is suitable and he buys the unit for his own use.
The original owner bought the unit as early as 1990 for NT$1.238 million and held it for regarding 33 years. This time it changed hands and made a profit of NT$7.362 million. The unit appreciated significantly by nearly 6 times during the period.
Take a look at Fu Chak Garden in North Point for sale now (House730)
The original article was published on AM730
1699848377
#price #threebedroom #apartments #Fuze #Garden #dropped #high #level #thirds #enthusiastic #owners #spent #RMB #million #left #market #huge #profit #Secondhand #property #transaction