Two rooms in the middle half of the ownership million changed hands

There is an “Investigator,” said investor Wu Guanliu, who bought a two-and-a-half building in the Tsuen Wan Center for one million yuan, equivalent to a 40% discount on the market price.

Investor Wu Guanliu buys 40% off market price

Room C, High Floor, Kunming Building, Tsuen Wan Centre, 329 sq. ft., two rooms apart. The unit was launched on the auction floor last month. It did not provide title deeds and the asking price was 800,000 yuan, but it was not recovered at that time. According to the Land Registry’s information, half of the unit’s ownership rights have been purchased by Wu Guanliu for 1 million yuan.

The valuation of the above-mentioned unit banks can reach 5.09 million yuan. Half of the ownership rights is the market price of about 2.55 million yuan, and the transaction price is 1 million yuan, which is 40% of the market price. Wu Guanliu pointed out that the unit is of good quality and he intends to propose to the owner that he should purchase the remaining half of the title.

The unit market rent was approximately 11,000. Assume that Wu Guanliu purchased the other half of the title from the market price of 2.55 million to the landlord, that is, the property price totaled 3.55 million and the lease return was approximately 3.7%. Last year, he purchased 1.30 million shares of half the property of Luk Yeung San Tsuen in Tsuen Wan. At present, he repossesses one room and part of the living room and rents them to two tenants.

At the auction site, another half of the ownership units were launched. It is a rooftop unit on the top floor of the Hamilton Tower in Yau Ma Tei with an area of ​​327 square feet and a starting price of 1.55 million. Wu Guanliu believed that half of the market price of the title was about RMB 2 million. The discount was not attractive and he was not interested in bidding.