Most of the effect of strict measures was digested by market. Plus with there were no strict measure in Policy Address and developers grabbed lands at high price. CCL reported at 118.38 which is the new highest in history. New highest second hand property prices appear one after another in HK island, Kowloon and New Territories. It is predictable that a new uptrend of property market starts.
The price of unit in Monte Vista still is the highest after being cut.
New Territories is a district having the most trading volume of new highest price in record. Lai Min-jing from Centaline expressed, room H, high floor in building 5 of Caribbean Coast in Tung Chung is the latest unit sold. The usable area of it is 957 sq ft and the sale price was HKD 8.18 million with usable area sq ft price at HKD 8,548. The price is the new highest in phase 1 of the project. The buyer is house changing customer in same district. Lao Min-jing added, the original owner bought the above unit at HKD 3.367 million in November, 2005 and earned the book profit of HKD 4.813 million after holding the unit for more than 7 years. The unit appreciated 1.4 times.
Monte Vista in Ma On Shan also appeared new highest dealing price. Zhao Yong-xin from Century21-Goodwin expressed, the unit at new highest dealing price is located in room B, high floor of building 7. The usable area of it is 499 sq ft. The original owner asked for HKD 4.8 million first and sold at HKD 4.76 million after a price cut recently. The usable area sq ft price was HKD 9,539 which still is the highest dealing price after price cut. It is known that, the buyer is user. The original owner bought the above unit in July 2009 at HKD 2.66 million. The book profit of the unit was HKD 2.1 million after being held for 4 years. It appreciated 78.9% during the period.
The usable area sq ft price of unit in Harbour Place was nearly HKD 14,000
As for housing in Kowloon, Yu Mei-bao of Ricacorp expressed, the usable sq ft price of unit in Harbour Place made new highest record. The unit is located in room F, high floor in building 6 with usable area in 432 sq ft and has fireworks seascape. The deal price was HKD 6 million and the usable area sq ft price was HKD 13,889. It is known that, the original owner bought the above unit at HKD 4.767 million in December 2007. The book profit of the unit was HKD 1.233 million and it appreciated 26%.
About HK island, the price of floor unit in Viking Villas, Mid-Level, North Point is the new highest. Li Zhao-lin expressed, the unit is located in room 4, high floor in building D. The usable area is 700 sq ft and the sold price was HKD 12.1 million with usable area sq ft price at HKD 17,286. The price exceeded HKD 11.5 million which was the last highest price of same type unit sold in middle of this month. The original owner bought the unit at HKD 2.5 million in 2003 and earned book profit of HKD 9.6 million in this reselling. The unit appreciated up to 3.8 times.
