The long-delayed Shazhong Line was finally opened to traffic
Among them, 3 new stations on the section from Dawei Station to Kai Tak Station, including Hin Keng Station, Diamond Hill Station and Kai Tak Station, are collectively called Phase 1 of Tun Ma Line, which has been scheduled for this year. The first launch on the 14th. Although the property near Tai Wai Station was favored by the “railway effect”, as the Lunar New Year is approaching, the news has not yet prompted buyers to query, and the owners have not seen any price increases or closures. Second-hand trading in Tai Wai is still quiet.
As of January 22, Tai Wai temporarily recorded 14 transactions of second-hand private property transactions. Not only were they still at a low level, but they also fell by 46.2% from 26 cases in December last year. Li Zhige, senior manager of Real Estate, revealed that although the government announced that the first phase of the Tun Ma Line will be opened to traffic next month, there was no special response from buyers and owners in the district; although it is expected that the housing estates around Xian Keng Station will benefit most from railway factors, only The path is mainly subsidized housing, and the listing has always been sparse, so in fact it will not be much stimulus.
He went on to point out that, as the Lunar New Year is approaching, it is a traditional off-season in the property market. Currently, there are no buyers in the Dawei district who have sent out the property market. As for the owners in the area, they are still on the move because of the negative factors and the New Year’s Day. In addition, the government actually announced that the Shazhong Line was partially opened to traffic last July. The market has already digested the relevant railway factors. Therefore, the owners in the area have not been stimulated by the traffic. Raise prices or close the market, but mostly wait and see.
785-foot city
As a matter of fact, the property market in Dawei District, like the big market, is still affected by various favorable factors such as social conflicts, trade wars and economic recession, while property prices continue to fall. Take the famous city Phase 1 as an example. This month, a middle-level SB room transaction was recorded, with a saleable area of 785 square feet. The original owner’s asking price was $ 13.4 million. After one month of listing, it eventually decreased by $ 600,000 or 4.5%, and changed hands for $ 12.8 million. Price $ 16,306. However, with reference to past transactions, flats with the same floor area in the same 6-story flat changed hands during the peak of property prices in mid-April last year, costing $ 13.5 million, and the price per square foot was $ 17,197, reflecting that the price of similar units has been reduced by more than 5% from last year’s high .
In addition, in January, 5 high-end SB rooms in the City Hall Phase 2 were also sold. The saleable area was 958 square feet. The original owner’s asking price was $ 15.7 million. The sale price was reduced by $ 600,000 or 3.8% in just 3 weeks, and sold for $ 15.1 million. Priced at $ 15,762. However, at the beginning of May 2018, the two-storey same-floor same-family unit cost $ 15 million and the price per square foot was $ 15,658, reflecting that the current price of similar units is still hovering at the first half of 2018.
Golden Lion 282 feet $ 4.6 million sell back to 2 years ago
No. 8 Yingan, which is located next to Chegongmiao Station, is relatively new, but the price per square foot is higher than that of the famous city, so the transaction is more sparse. From January to the present, No. 8 has temporarily recorded a sale and purchase transaction, which is two middle and high-rise E rooms, with a usable area of 508 square feet. The original owner put down the price by $ 800,000 or 7.4% for two months, and finally received $ 10 million. Price $ 19,685. The same 5-story high-floor room, 509 feet F, was also sold for $ 10 million at the beginning of May last year at a price of $ 19,646. This shows that property prices in similar units have been trending in the past six months.
The Golden Lion Garden and Golden Jubilee Garden of the boarding estates were also deserted, and the individual construction costs were even lower. In January, the Golden Lion Garden recorded only 3 sales, with an average saleable price of about $ 15,700. The transaction volume plummeted 5 or 62.5% month-on-month, and the price per square foot fell 6.5% month-on-month. This month, a transaction was recorded in the second floor of Block E of Golden Lion Garden Phase 2 with a saleable area of 282 square feet. The original owner put it on the market for only two weeks, which was $ 300,000 or 6.4%, and changed hands for $ 4.4 million. The price per square foot was $ 15,603. However, the same-floor unit on the lower floor of the same block was sold for $ 4.6 million in mid-April 2018 at a price of $ 16,312, reflecting the “back in time” of housing prices, which has returned to the level of two years ago.
As for the Golden Jubilee Garden, one transaction was recorded in December last year and has not yet been released.
In terms of leasing, the agent refers to the approaching New Year. The tenants and leasing transactions in Dawei District are deserted, and the rent has not been raised. It is believed that tenants will only appear after the New Year.