Affected by the epidemic, the price cut will be reduced by up to 10%
Cheung Yee Executive Director Xie Zeming also pointed out that many property owners in Tuen Mun District have reduced their prices by 5% to 10% under the epidemic: "In the past, the asking price was 4.5 million yuan, but now it has been reduced to 4.2 million or 4.3 million yuan, and even dropped back to the "three-character" prefix. ’.” But he also added that since the market has seen success after the price cut, owners usually stop at 5% to 10% of the price cut. It is recommended that passengers who want to “hoe the price” pay attention.
He continued that compared with the first two rounds of the epidemic, the impact of the fifth wave of the epidemic on the property market was relatively small, and the sales of new properties were not bad. Owners will respond greatly." He said, "The number of property inspections will definitely drop during the big season, but this time with the epidemic, the impact is less than expected. I believe that because of the experience, the biggest difference from the previous one is a lot. The owner will still open the door for buyers to inspect the property, instead of directly closing the property for inspection as before.”
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