Hung Hom Lai King Heights Heights reduced by 1.7 million
The second-hand property market has been quiet for nearly two months. The smallholders’ bargaining space has begun to increase. Some units have reduced by more than 10%. After the individual units have reduced their prices, they have changed hands with a low market price of 5%, reflecting that the second-hand property prices have not dropped significantly. However, the uptrend has also begun to slow down.
Whampoa Garden Heights reduced by 1.5 million
According to market sources, the current second-hand property market is more obvious in terms of medium-priced units. For example, the high-rise room C of Block 15A of Hung Hom Harbour Plaza has a usable area of 1,104 square feet. The owner insisted on asking for a price of $26.3 million at the beginning of this month. Under the influence of various unfavorable factors, the final price was reduced by 1.7 million yuan, with a change of 24.6 million yuan. The estimated value of 26.1 million yesterday was less than 5%. In fact, a high-rise unit in the same room changed hands by 25 million yuan at the end of last year. The latest transaction returned to the level at the end of last year.
The F-room of the 6th floor of the 11th phase of Whampoa Garden in the same district has a usable area of 639 square feet. The owner’s early listing price was 12 million yuan. After the bank raised interest rates, it was reduced to 11.5 million yuan. Finally, it will be reduced by 1 million yuan, and it will change hands by 10.5 million yuan. The price is about 16,432 yuan. The agent said that the similar units had previously traded about RMB 11.4 million, reflecting that the site was changed by 5% to 7% lower than the market price.
The price of BMW Hill Garden has been reduced by more than 15%
On the other hand, Room A, High Floor, Block 2, BMW Hill Garden, North Point, has a usable area of 871 square feet. It is expected to be a high-quality unit. The owner originally requested a price of 23 million yuan. After several price reductions, it was $19.5 million yesterday. Change hands, the cumulative price reduction of 3.5 million yuan, a reduction of more than 15%.
Zhongyuan Real Estate Li Jiabao said that the top floor A of the 3rd floor of the same housing estate has a platform with a characteristic area of 1,518 square feet, and a platform of about 191 square feet. It was only sold for 33 million yuan, with a low market price of over 10%.
Although the number of cases in the second-hand market has increased, the cost of some high-quality units has remained stable. For example, the high-rise unit A of the Hengxingge, Taikoo City, Quarry Bay has a usable area of 749 square feet. It has just changed hands with 17.78 million yuan, and the cost is a new high for similar units. The original owner purchased it for 5.1 million yuan in 2006, and the 12-year book held a profit of 12.78 million yuan, an appreciation of 2.5 times.