Centaline Property Central Kowloon Telford Branch senior senior regional sales manager Lai Chung Hin said, Kowloon Bay indicator on the car housing estate Amoy Gardens

The owner's price reduction rate has expanded.

So far in November has recorded about 8 transactions, compared with the previous month two more than three times, but the average price per square foot this month fell to about 13,876 yuan, compared with the average price of about 16,622 yuan per square foot at the end of last year, a drop of nearly 20%.

Amoy Gardens lost $4 million twice in the month, following a low-level household in Block 0 at $3.98 million earlier this month, Block P low-level 7 rooms, 285 square feet saleable area, also just sold for $3.95 million at $13,860 per square foot, the construction price is expected to return to the 2016 level.

The unit was put up for sale in September this year at $4.8 million, but due to the muted market conditions under the interest rate hike, it was sold at a cumulative reduction of $850,000 or 18%.

The original owner entered the market in February 2015 with $3.638 million and made a profit of $312,000 in 7 years of ownership, an appreciation of 8.6%.

In addition, Amoy Gardens recorded the third loss this month, Block I very high floor 5 rooms, saleable area 375 square feet, just changed hands for $5.5 million at $14,667 per square foot.

The original owner bought the unit for $6.38 million in June 2019 and lost $880,000 in the book, depreciating 14% in 3 years.

Asked whether Amoy Gardens still has 4 million yuan in the shooting site, Lai Chung-hin said, "Not for the time being, (owners) have tickets to dump again.

Another large housing estate in the same area, Telford Garden, since the beginning of this month after the price per square foot fell through 10,000 yuan, become buyers hoes price indicators, leading to the turnover of prosperous, November temporarily recorded 15 transactions, has surpassed the 11 cases in October month.

Among them, the middle floor 1 room in Block N, with a saleable area of 588 square feet, the unit was put up for sale last year at an asking price of $9.5 million, until recently, after a cumulative reduction of $2.4 million, it was finally sold at a "realistic price" of $7.1 million per square foot, at $12,075.

 As for Tak Po Garden, which is one of the "three treasures of the car" in Kowloon Bay, but the goods have basically been swept away, the existing owners of the sale are asking for a stronger price, so there are still "zero transactions" in November, while in October there were six cases, with transaction prices ranging from $4.05 million to $5.1 million.