Multiple districts record low-price transactions, Junjingyuan loses 4 million

28Hse Editor  2022-11-14  #Transaction

Buyers enter the market at low prices, second-hand recovery over the weekend

The property market continued to be sluggish, but the second-hand housing market showed a slight improvement. According to the statistics of Centaline Real Estate, 11 transactions were recorded in the top ten housing estate markets in the past two days, which was a significant rebound from the 4 transactions last week. Chen Yongjie, vice chairman of the Asia-Pacific region and president of the residential department of Centaline Real Estate, said that inflation in the United States has slowed down significantly, and the market expects that there will be an opportunity to reduce interest rate hikes in the future. Coupled with the relaxation of entry quarantine measures in the mainland, customs clearance will be one step closer, and some buyers will take the opportunity to seize the low price. Entering the market, the trading sentiment picked up slightly. However, various districts continued to record low-price transactions. Four years later, the owner of Fotan Junjingyuan had a loss of about 4 million yuan in book value. ◆reporter Yan Lunle

In addition to the rebound in second-hand transactions of Centaline Property, Midland Property's weekend transactions in the top 10 second-hand benchmark housing estates also doubled week-on-week, recording 12 transactions, hitting a 3-week high and returning to double-digit levels. Bu Shaoming, CEO of Midland Realty's Residential Department (Hong Kong and Macau), said that the mainland announced the relaxation of quarantine to "5+3", which stimulated a sharp rebound in Hong Kong stocks. In addition, bad news such as interest rate hikes have been digested by the market one after another, which is conducive to the sentiment of the property market.

Top 10 housing estates see double-digit transactions

As for other agency banks, Lijia Court Real Estate recorded 10 transactions in the top ten housing estate markets over the past weekend, which also doubled on a week-on-week basis. Hong Kong real estate recorded 16 transactions, more than doubled on a weekly basis.

Although the second-hand market has improved, negative factors still plague the trading market. Many districts continue to record low-priced transactions, and Fotan Junjingyuan recorded a large loss. Huo Baixiong of Centaline Real Estate said that the high-rise C room of Block 8 of Junjingyuan, with an area of 990 square feet, 3 bedrooms, overlooking the mountain view, was offered at about 12 million yuan when it was put on the market, and was sold at 11 million yuan after negotiation, and the square foot price was 11,111 yuan. Home is home. The original owner was a foreigner. In 2018, the unit was purchased for about 15 million yuan. After holding the goods for 4 years, the book lost about 4 million yuan, and the unit depreciated by about 27%.

Amoy University's two-bedroom has lost 25% in more than 4 years

In addition, Amoy Gardens in Kowloon Bay also recorded a loss case. Bao Yunzhong of Lijia Court Real Estate said that there are 4 rooms in the upper floor of Block M, with an area of 322 square feet, 2 bedrooms and mountain views. Later, it was reduced by 600,000 yuan or about 10%, and changed hands at 4.78 million yuan, or 14,845 yuan per square foot. The original owner purchased it for 6 million yuan in June 2018, and has held the goods for more than 4 years, and the book lost 1.22 million yuan or about 20%; if the cost is even calculated, the actual loss is expected to exceed 1.5 million yuan or about 25%.

As for the first-hand side, although there were brand new lots that were sold on the weekend, the scale was relatively small and the sales were not satisfactory, so that the total trading volume of the first-hand house over the weekend was only about 23. Among them, Vanke Hong Kong's Sham Shui Po Lianfang I recorded 7 transactions, and Henderson Fanling ONE INNOVALE Cabanna recorded 6 transactions. Although there were only 13 transactions in total, they accounted for 57% of the weekend's first-hand transaction.

23 first-hand transactions in Hong Kong over the weekend

In addition, Henderson Hung Hom willJiafang Yinghui announced the first batch of 56 price lists last Thursday. Tickets were collected on the past Saturday, and about 245 tickets were collected in two days, which is more than three times the excess.

As for ONE INNOVALE - Cabanna last night, the No. 3 price list was added, involving 57 units with an area of 224 to 683 sq. ft., mainly small units ranging from 224 to 304 sq. The whole batch of units maintains a 7% discount, with a discounted price of RMB 3.363 million to RMB 9.5 million, or an average price per square foot of RMB 14,438, which is an increase of 1.6% compared with the average price per square foot of the previous No. 2 price list of RMB 14,208. The project also announced the sales arrangement, and 113 units will be sold on a first-come, first-served basis this Thursday.

Disclaimer: All wordings and pictures which indicated 28HSE editor are the copyright of 28HSE LIMITED. Acknowledgement is required if other parts of this publication are used. The content is for reference only, does not constitute investment advice and it does not mean that 28HSE agreed the points. The area which show in the article is salable area if there is no special circumstances. The pictures is for reference also.

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