After the Yuen Long attack, second-hand trading continued to be quiet, and individual owners’ bargaining space increased
Among them, Hung Shui Bridge still built an open-plan unit with a market price of 3.7 million yuan and a low market price of 3.7 million yuan. The other two large housing estates, Tin Shui Wai, Kingswood Villas, and Long YOHO Town’s latest valuation, recorded weekly decline.
The market in the region responded calmly, but the atmosphere of the property market was unclear, affecting buyers’ desire to enter the market. Some Yuen Long District agents pointed out that some small owners were willing to expand their bargaining space. The district also recorded cases of price reductions. There were 21 rooms in the lower floor, with a saleable area of 243 square feet. The open space was once opened at 3.9 million yuan. 3.7 million yuan, the price of 15,226 yuan.
Looking at the transaction record, the same-level unit in June this year, the transaction price was high at 4.08 million yuan. In comparison, the latest transaction price was 9%. The original owner purchased the unit for 3.056 million yuan in 2015, and the book profit was 644,000 yuan, an appreciation of 21%.
Reduced price by 600,000 for sale
As for the resumption of trading in Tuen Mun and Tin Shui Wai Area, including the 8th floor of Block 1 of Tuen Mun Fung King Estate, the saleable area is 309 square feet. Mr Lam Yiu-kwai, Manager of Cheung Yip Estate Branch, revealed that the owner originally requested a price of $4.6 million and changed his hands to $4.45 million. The decrease was about 3.3%.
On the other hand, there are a number of small-owner price reduction cases in the market, such as the high-rise F room of 3 cypresses, with a usable area of 595 square feet. The owner bought it for 4.37 million yuan in 2013. The original price was 7.8 million. Significantly reduced by 600,000, it is now sold at 7.2 million, a decrease of 8%. The bank’s estimate of the site was only 7.32 million yesterday, reflecting that the old bid price of the owner was too high. When the market conditions turned quiet, it was inevitable to adjust the bid price.
However, the banks are optimistic about the price of the housing estates in the Western District of the New Territories. The statistics of the 20 estates in the estates are estimated by the newspaper. Only the Kingswood Villas in Tin Shui Wai and the YOHO Town in Yuen Long are recorded down. Among them, YOHO Town’s high-rise 2 bedroom units, after two weeks of valuation, were reported to be 6.88 million yuan, down 70,000 yuan from last week’s 6.95 million yuan, down 1% per week. In addition, the middle-floor 2 bedroom unit of Jiahu Villa was valued at 5.5 million yuan, down 60,000 yuan per week, with a range of 1.1%.
Sha Tin Garden City Silver Master 5.05 million
The property market is turning weak, and the silver owners are willing to sell below the valuation. The Central Asia Property Auctions launched 28 properties yesterday, including 6 of them, including the Shatin Garden City Silver Main Board, which was released for more than one year. The unit is a high-rise Room D of Yashi Court, with a usable area of 324 square feet and a price of 4.75 million. Yuan, won two groups of buyers bidding, and finally took out 5.05 million yuan, the price of 15,586 yuan. The transaction price was more than 6 million yuan compared with the bank’s valuation, which was more than 15%. The auction house pointed out that under the recent social disputes, second-hand trading was slow, and banks were willing to sell lower than the estimated sales units.