The second-hand decline intensified, and the price per square foot of Mei Foo Sun Chuen fell below 9,000 yuan

28Hse Editor  2022-11-30  #Transaction

The decline in second-hand property prices intensified, and the price per square foot of some large housing estates fell below multiple thresholds in a row. In Mei Foo Sun Chuen, Lai Chi Kok, following the fact that the transaction price of a 3-bedroom unit fell below 10,000 yuan last month, the transaction price of a unit fell below 9,000 yuan a few days ago. Tsang Ka-fai of Hongkong Real Estate said that the bank recently facilitated a transaction of a 2-bedroom unit in the housing estate. The unit was sold for 4.98 million yuan, and the practical price per square foot was less than 9,000 yuan.

The above-mentioned unit is an extremely high-rise building at No. 53 Broadway Street, Mei Foo Sun Chuen, with a usable area of about 556 square feet. Zeng Jiahui said that the unit was approached by customers in the area about one month after it was put on the market for 5.5 million yuan.

It is understood that buyers are the first buyers. According to the data, the owner purchased the above-mentioned unit for about 3.5 million yuan in January 2011, and made about 1.48 million yuan on the books of the resale.

Cullinan Xi's small unit changed hands at a 10% lower market price

In addition, used disk eclipse lets continue to emerge. Xie Qiyuan of Hong Kong Real Estate said that they recently facilitated a sale and purchase transaction of Cullinan Seal at Nanchang Station. The new buyer paid 5.9 million yuan to buy an open-style unit. The practical price per square foot is about 22,097 yuan, which is about 10% lower than the market price. The unit is Room E on the middle floor of Block 8 Cullinan West, with a usable area of about 267 square feet and an open layout. Xie Qiyuan pointed out that the original owner put the listing at 6.68 million yuan for about 2 months and attracted inquiries from outsiders. After negotiation, the two parties reduced the price by 780,000 yuan or about 11.7%, and changed hands for 5.9 million yuan. , about 10% lower than the market price. It is understood that the owner purchased the above-mentioned unit for about 6.415 million yuan in November 2019, and sold it after holding the goods for 3 years just after the SSD period expired, resulting in a book loss of about 515,000 yuan.

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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