Due to Sino-US trade frictions and a series of violent demonstrations, the property market in Hong Kong is under pressure and the luxury residential market bears the brunt
There is only one second-hand transaction for this month’s luxury residential estates in Kowloon Station. As for the sale of the Peak and Southern District this month, it has not yet been opened.
According to the real estate agent, as of August, as of the 12th, the Kowloon Station Luxury Housing Estate has only recorded one second-hand sale
The transaction is for the second-floor G room of the second day, with a saleable area of 934 square meters and a transaction price of 25 million yuan. The practical price is 26,767 yuan, which is a market price.
The adjoining Olympic Station estates are also deserted
Only one sale and purchase transaction was recorded for this month. It is a change of 9.98 million yuan for a group of 2 Hong Kong residents. The rest of the districts are also very quiet. In the vicinity of the Peak and Southern District of Hong Kong Island, the agent referred to the temporary trading of this month. For the Eastern Mid-Levels and Happy Valley, one was temporarily recorded. The insiders pointed out that the luxury house industry has strong cargo capacity, and the asking price is generally hard and net. For the time being, it is not willing to drop the price significantly. There is a big difference between the bid and the prospective buyer’s bid, so the trading is in a stalemate.