Hong Kong Island indicator blue-chip housing estate Taikoo Shing, Quarry Bay, this weekend recorded three transactions.
Centaline Property Taikoo Shing area senior regional sales director Chiu Hung Wan said, Shun On Court high A room, saleable area 703 square feet, building area 800 square feet, three rooms to two rooms, looking at the northeast interior garden view, last month the opening price of $12 million, put on the market not feet 10 days, that is, a price reduction of $ 1 million, sold for $11 million, the average price of $15,647 per square foot.
The original owner bought the unit in August 1991 at $2,388,000 and held it for 31 years, and sold it this time with a book profit of $8,612,000, an appreciation of 3.6 times.
Whampoa Garden, one of the blue-chip housing estates, Centaline Property Whampoa Branch 2 Regional Sales Manager Yuen Hin Yin said that Whampoa Garden recorded a transaction this weekend, the unit is Phase 2, Block 9, low-rise room D, 389 square feet, with a practical area of two rooms, enjoy the northeast interior garden view, sold for $5.68 million, the practical price of $14,602 per square foot.
The original owner bought the site in 2012 with $4.38 million, holding the property for 10 years, now selling the book profit of $1.3 million, an appreciation of about 30%.
The first city of Shatin, the last car housing estate, recorded 3 transactions this week.
Centaline Property Shatin City One Branch Regional Sales Director Lai Chung-man said, among them, Block 50, low-rise H room, saleable area 304 square feet, building area 410 square feet, two rooms, facing northwest, looking at the inner garden view, just sold at $4.04 million, saleable feet price $13289.
The original owner bought the property in June 2013 for $3.08 million and now sold it for a profit of $960,000, representing a 31% appreciation in the 9-year period.
Liao Weiqiang, president of Ricacorp Real Estate, said that there are many options for second-hand price reductions, so that the purchasing power gradually flow into the secondary market, driving the atmosphere of secondary housing estates and transaction volume continues to stabilize.
According to Ricacorp's branch network, there were 12 secondary transactions in the past Saturday (Dec. 3 to Dec. 4), an increase of 1 case or 9% over the 11 cases recorded in the previous weekend (Nov. 26 to Nov. 27), a record high in 12 weekends.
Mr. Liao continued to point out that the Hang Seng Index rebounded sharply last month, accumulating 3,910 points or more than 26%, the largest monthly increase in 24 years; coupled with the U.S. Federal Reserve is expected to turn from hawk to dove, the rate of interest rate hikes may slow down in the middle of this month, the market envisages that the Mainland's epidemic prevention policy will be relaxed, the above-mentioned positive factors are helpful to improve the atmosphere of the property market, so that buyers are more optimistic about the future market.
Liao expects that, after all, the recent confirmed cases in Hong Kong hovering at 10,000 cases, it is expected that there will be a small rebound in the transaction volume of second-hand housing estates in the short term until more good news comes out which can have a more obvious rebound.
