Negative factors increased, and the bargaining space for second-hand small owners expanded
The Shatin Riverside Garden with rooftop units fell below the 5 million yuan mark, 14% lower than the bank’s valuation.
Two-bedroom riverside cost fell below 5 million
Zheng Xiongwen, Account Manager of Jinfu Real Estate, revealed that the top floor of Room B, Riverside Garden, has 4 rooms with a practical area of 242 square feet, which is a two-bedroom partition, with an approximately 277-foot rooftop. The owner began listing in August last year. At that time, the asking price was 5.4 million yuan. 4.88 million yuan changed hands, and the price per square foot was 20,165 yuan. The data shows that the bank’s online valuation is still worth 5.65 million yuan, reflecting the owner’s low bank valuation of 14%. The original owner purchased the unit at about 3.7 million yuan in 2015, and the book profit of holding the goods for 5 years left 1.18 million yuan.
In the same district, Shatin First City, 36 high-rise rooms A, with a practical area of 478 square feet, belongs to a three-bedroom partition. The owner originally asked for 7.8 million listings, changed hands for 7.5 million yuan after negotiation, and the price per square foot fell below 16,000. In fact, Room A on the first floor of Tongxia High School changed hands by 8 million in mid-2018, reflecting the owner’s low market price of about 6%.
Arc de Triomphe sold for 846 feet 32.68 million
Secondly, Wu Zhaoji, senior manager of Midland Real Estate Division, revealed that due to the widening of the bargaining space of small owners, Quarry Bay recorded eight sales this month. Among them, Room F on the upper floor of Sui Gong Pavilion, with a practical area of 716 square feet, was originally offered for 15 million yuan. After the negotiation, it changed hands for 13.38 million yuan, a decrease of more than 10%.
The original owner purchased the above property for about 9.6 million yuan in July 2013, and the resale book profit was about 3.78 million yuan, with an appreciation of about 39%.
In addition, Kowloon Station’s Triumphal Arch Skyscraper High-level Room D has a practical area of 846 square feet. The owner’s asking price was 3,500. After negotiating the price, it changed hands for 32.68 million yuan.
On the other hand, the Central Plains Brokers Index CSI last reported at 47.61 points, up 4.5 points weekly. CSI rose for 2 weeks, which was the first time in nearly 11 weeks. During the period, it increased by 5.3 points, indicating that frontline brokers maintained an optimistic attitude. In the past 7 weeks, the CSI once again crossed the lower limit of the 45-point good and thin boundary, and challenged the 50-point good and thin boundary for the second time. If the CSI challenge is successful and the trend continues to rise, I believe property prices will get rid of the previous narrow range.