Driven by the influx of purchasing power of successful applicants to the “White Form HOS Secondary Market Plan 2019”, the increase in the transaction of subsidized housing has made new HOS flats highly sought after
Dawei Meibai Garden, which has only been in business for more than two years, recorded the first second-hand transaction in history. A mid-level unit was sold at an unpaid land price of 4.91 million yuan. The property price has appreciated by about 77% in the past five years.
the middle floor of Meibaiyuan has a practical area of 447 square feet and is open-plan in principle
It can be used as a two-bedroom unit. The price was 5.2 million yuan for sale two months ago. The land premium was changed by 4.91 million yuan, and the price per square foot was 10984 yuan. The new buyer is a Baijuer II qualified person who lives in the area and is a young passenger.
The original owner purchased the unit from the Housing Department in June 2015 for a price of RMB 2.78686 million, holding the goods for less than 5 years, a book profit of RMB 2.314 million, and an appreciation of 76.7%.
Meibai Garden is one of the first batch of new HOS housing estates to be rebuilt from 2015. It is a stand-alone design and provides 288 units. The unit has a usable area of 371 to 447 square feet. It was acquired in mid-2017. The agent revealed that the unit sold was the only second-hand listing in the estate.
This month’s green watch transaction recorded 25 cases, soaring 92%
As new buyers of the second phase of Baiju entered the market one after another, driving the purchase of subsidized houses with unpaid land prices. According to the Housing Authority, in the first half of January 2020, the total number of transactions in Hong Kong for unpaid land-funded housing was 25, which was a sharp increase of 12 or 92% from the 13 transactions in the same period last December.
In addition, in December last year, the total number of unpaid land-funded housing transactions was updated to 127, a slight increase of about 4% from a total of 122 in November last year. In total, there were 2,462 transactions of unpaid land-funded housing in 2019, which was 626 more than in 1836 in 2018, an increase of about 34%, the highest in 3 years after 2,842 in 2016.