The Second-Hand HOS Property Price in Tung Tao Court Rises to a Peak of HKD8.6 Million.

28Hse Editor  2020-06-02 
The property market becomes booming as the eased epidemic. The price of subsidized housing with a lower cost has risen rapidly. According to the Housing Authority information, the second-hand HOS market of Hong Kong in May had recorded 161 transactions, a decrease of 21% compared with 205 in April. However, the cost of individual housing estates still reached a new high. Tung Tao Court in Shau Kei Wan, an estate which always had transactions with HOS peak prices, recorded a 666 sq ft unit being sold for HKD8.6 million before land premium, and the price is the historical high before land premium of this estate. Journalist (Lai Chi-Tin, Leong Yuet-Kam) The unit is high-rise Room 6 in Block D of Tung Tao Court, Shau Kei Wan, and it is a three-bedroom unit in a usable area of ​​666 sq ft. According to the district agent, the owner purchased it at "price under financial tsunami" in December 2018 of HKD2.7559 million and undertook 90% of the mortgage from the bank. The down payment was as low as HKD275,600. The owner had asked for HKD8.8 million, while until last month sold it for HKD8.6 million, creating a new high before land premium in the housing estate, with the sq ft price of HKD12,913. In the past 12 years, the unit has appreciated more than twice, and the book profit is HKD5.841 million. Yau Chui Court has unit price up to HKD8 million for the first time. One high-rise unit with a usable area of 639 sq ft in HOS housing estate, Yau Chui Court, Kwun Tong, was sold for HKD8 million. It is the first time in this estate that the unit price is up to HKD8 million, with the sq ft price at HKD12,520. A middle-rise unit of 438 sq ft in HOS estate, Sheung Chui Court, Tsuen Wan, was sold for HKD5.3 million, with the sq ft price at HKD12,100. A public house, Nam Cheong Estate, adjacent to the new project Cullinan West in Nam Cheong Station, recorded 2 transactions before the land premium in May. One is a low-rise Room 12 in Block 5 of Cheong Yat House, in usable area of 436 sq ft, was sold for HKD3.9 million, with the sq ft price at HKD8,945, a new high sq ft price in the estate. Another is a low-rise unit in a usable area of ​​494 sq ft, and it was sold for HKD4.19 million, the second-highest before land premium in this estate. Besides, a 544 sq ft middle-rise unit in Tsing Yi Estate was sold for HKD3.88 million, a new high for the project without land premium, and the sq ft price is HKD7,132. Choi Ming Court sold one unit for HKD6.9 million on the green list. Woo Lai-Ching from Midland expresses that a public house applicant purchased one three-bedroom unit in Choi Ming Court, Tsueng Kwan, for a second-hand HOS market price of HKD6.9 million. The unit is Room 05, high floor, Choi Tao Court, Block E, Choi Ming Court, with a usable area of ​​650 sq ft. It is a three-bedroom unit in a reasonable disposition. A public house applicant, who lives in Lam Tin, wanted to change house, and bought it for green form price of HKD6.9 million, with the sq ft price at about HKD10,615. It is understood that the original owner spent about HKD2.0922 million to purchase the upper unit in September 2010, and earned a book profit of HKD4.8078 million this time. The house had appreciated about 2.3 times.
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