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New property sells only 22 units in three days
May 29, 2023
New property sells only 22 units in three days Hong Kong
By   Wen Wei Po 
  • City News
  • Wen Wei Po 
Abstract: The market continues to be in a state of flux, with a lack of major new properties for sale.

The first-hand market was quiet during the past three days (26-28 May) of the Buddha's Birthday holiday, with only single-digit transactions recorded each day, totalling about 22 transactions over the three days, down 53 or more than 70% week-on-week from the 75 transactions recorded during the same period the previous week (19-21 May).

 New property sells only 22 units in three days

The uptake of new properties continued, with both of SHKP's (0016) single-block urban developments, which are now in their current state, recording small unit transactions yesterday. Among them, Unit C on Level 3 of KENNEDY 38 in Kennedy Town, with a saleable area of 456 square feet and two partitions, was recently sold for $12,778,500 at $27,365 per square foot. In addition, Unit C on the 12th floor of Prince Central, Prince Edward Road West, with a usable area of 303 sq ft and a one-bedroom partition, was sold for $9,456,200 at $31,209 per square foot.

 

The sale of 2 units at Leo Place - One Corner in Tai Kok Tsui, including Unit G on 26/F, Block 1, with a saleable area of 255 sq ft, sold for $5,897,100 at $23,126, while Unit H on 26/F, Block 2, with a saleable area of 265 sq ft, sold for $6,329,000 at $23,883. As for the same series of Baker Place - Ying Hui in Hung Hom, 1 unit was sold.

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New property sells only 22 units in three days
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