Centaline Property Tuen Mun Regional Sales Director Mr. Kwong Ka Chun said, the recent emergence of price splitting, attracting buyers to seek treasure.

The past 7 days in Tuen Mun recorded about 30 second-hand transactions, compared to the previous 7 days increased by 1 times, the number of visits also improved, rebounded about 2, 30%, but the overall performance is still a low level.

Under the influence of interest rate hike, buyers are quite cautious to enter the market, most of the guests did not return the price after viewing the property, and return the price of the guests, the price range is generally more than 10%.

Kwong Ka-chun said, Tai Hing Garden this month recorded two transactions, per-square-foot price lost 10,000 mark.

Following the Phase 2, Block 3, middle D room, saleable area of 587 square feet, three-bedroom suite, recently sold for $5.8 million, the sale price per square foot fell through 10,000, only $9,881 per square foot.

After 1 day, and then recorded Phase 2, Block 4, high-rise B room transaction, saleable area of 475 square feet, two-room partition, sold at $4.6 million, equivalent to 9684 yuan per square foot, down about 2% compared to the previous transaction.

Kwong Ka-chun pointed out that the average price per square foot of Tai Hing Garden transaction this month is $9,793.

According to Centaline Big Data, Tai Hing Garden

The last time the average price per square foot was below $10,000 was in December 2018, with an average price of $9,868.

Mr. Kwong expects that the new norm will be for the price per square foot of Tai Hing Garden to fall below $10,000.