The whereabouts of the property market is unknown, and owners have begun to sell at prices, which led to a rise in the price of second-hand properties in January
During the period, the average price per square foot of the top ten housing estates decreased by 60% month-on-month. Urban projects fell significantly. Among them, Mei Foo Sun Chuen, Lai Chi Kok has a mid-level unit, which was sold after a cumulative reduction of 1.5 million yuan, with a transaction price of 12,865 yuan, a 5% lower market price.
Laguna City property prices fell the most rapidly among the top ten housing estates
At the bottom of the property prices, ten second-hand housing estates recorded a total of more than 190 transactions this month, an increase of more than 50% month-on-month. Among them, 9 projects increased their transactions, and 3 of them increased more than double.
Kornhill’s trading surged 2.6 times
In Laguna City, where property prices have fallen sharply, the average saleable price per square foot in January was 13,889 yuan, which was lower than the 14,500 yuan last month. As a matter of fact, in this trading period, at least 3 square feet of prices have dropped below 13,000 yuan, with the interval of three rooms. And this month temporarily recorded 16 transactions.
Ten housing estates fell in January
As for Kornhill, the average saleable price per square foot also dropped to 16,773 yuan, but the transaction volume surged more than 2.6 times to 11 cases, the largest increase in the top ten housing estates. Central Plains Yang Wenjie said that the two-bedroom property price was as low as 7.6 million yuan, which was at least a half-year low.
The Ap Lei Chau Haiyi Peninsula and Quarry Bay Taikoo Shing, both of which are on the Hong Kong Island, are down by 3% and 2.1% respectively. The bank’s Zhao Hongyun pointed out that Taikoo Cheng was driven by favorable market factors and its trading was upward. At least 23 transactions have been recorded for this disk, of which Wang Gang has sold 11.78 million yuan for two rooms at Tianxing Pavilion, and the price per square foot is 20,310 yuan.
The above-listed transaction at Mei Foo Sun Chuen was $ 13,558 per sq ft, down 1.1% month-on-month. Midland Wang Junkang revealed that the unit has a saleable area of 855 square feet at 46 Lanxiu Road, Phase 6, with a starting price of 12.5 million yuan. Only 500,000 yuan of bargaining space was accepted before the new year, but it was reduced to 11 million yuan. In addition, two doubling real estate properties, including City One Shatin and Tung Chung Yingwan Park, rose 1.4 times and 1.1 times.
The three bedrooms of Shengyueju
In fact, the decline in property prices in many housing estates has accelerated. Xu Yongsheng of Central Plains stated that Changsha Bay Shengyue House is a low-rise apartment in Block 8. The price was 2.01 million yuan, which was changed to 9.99 million yuan. The three-bedroom house price fell below 10 million yuan . With a saleable area of 604 square feet, the price per square foot is 16,540 yuan.
According to market news, Tung Chung’s Tung Chung Bay 2 high-rise two-bedroom H-households, with a saleable area of 544 square feet, were reduced by nearly “one ball”, and were purchased by buyers for 6.3 million yuan, and the price was 11,581 yuan. Lower-level units of the same type were registered for sale at 7.16 million yuan this month, reflecting a 12% price drop.