Hong Kong 's Wen Wei Po The sentiment of the property market changed everytime,the owners have widened the bargaining space in order to sell their units,Lions Rise in Wong Tai Sin and Festival City in Tai Wai have appeared transactions with a loss continuously and the new properties in New Territories which launched out the property sales continuously have also recorded second-hand property transactions with a discounted price.Of which there are units in Yuen Long Verde have split HKD $880,000 of the price and sold,Tuen Mun Area which located nearby have driven by the trend of discounting the price,so the properties with a price of HKD $2.00 million in the region have increased and the latest transaction unit was located in Lai Po Building,with an area of 248 ft and sold in HKD $1.755 million.
Centaline Ng Wai Lok said that the number of the units of Lions Rise in Wong Tai Sin which put up for sale have increased,as for the units with two-bedroom interval with an admission fee of about HKD $7.0 million and recently recorded two transactions with a loss.Of which the unit which located in Flat B,Upper Floor,Tower 5A,with an utility area of 570 feet,two-bedroom interval and sold in HKD $7.2 million,equivalent to HKD $12,632 per sq.feet.The original owners bought the unit with the price of HKD $7.907 million in May 2011.
A two-bedroom unit of Lions Rise have recorded transaction with a loss of HKD $700,000
Another transaction which recorded in Lions Rise was a unit which located in Flat B,Upper Floor,Tower 6A,with an utility area of 567 feet and two-bedrooms interval,there are buyers bought it in HKD $7.03 million for home-use,with a sq ft price of HKD $12,399.The Original owners bought the unit with the price of HKD $7.331 million in May 2012.
As for the New Territories,Centaline mansion Lam Yuk Lok said that Festival City in Tai Wai have recorded about 12 transactions so far,of which Festival City 2 have accounted 2 transactions.Branch recorded a transacted unit which located in Flat NC,Upper Floor,Tower 2,with a saleable area of 784 feet,the owners asking price of about HKD $ 9.5 million,after seeing the new property sales with a price close to the market price and also offers multiple benefits and gradually expanded the bargaining space and finally with the total reduction of HKD $800,000 and sold in HKD $8.7 million,with a sq.ft price of HKD $11,097.The original owners bought the unit with the price of HKD $8.83 million in 2011,carrying a loss of HKD $130,000 and sold.
Villa Sunshine split HKD $880,000 of the price
In addition,Midland Realty Dang King Wei said that under the effect of the new property Riva in Yuen Long have launched out the sale,the mentality of the owners who are living in the same area was weak,the agents have recorded a transaction recently which located in flat A,Lower Floor,Tower 1,Villa Sunshine,the owners have greatly widened the bargaining space and discounted a total of HKD $880,000 and finally sold in HKD $5.4 million to the buyers who are living in the same area.The unit with a saleable area of 1,173 feet,after discounted the price,equivalent to HKD $4,604 per sq.ft.The original owners bought the unit with the price of HKD $3.0127 million in June 2007.
Greenland Garden discounted 19% nine months
As for Tuen Mun area which located nearby,Centaline Ng Yuan Fan said that they have transacted a unit recently which located in Room 4,Lower Floor,Tower a,Greenland Garden,with a salable area of 330 sq.ft,the asking price of last year was HKD $285 million,after nine months,the latest asking price in this month was HKD $2.4 million,then finally discounted the price to HKD $2.318 million and sold,it have recorded nearly 19% of reduction,equivalent to an average price of HKD $7,024 per sq.ft.The original owners bought the unit with the price of HKD $883,000 yuan in November 1994.In addition,Midland Realty Leung Ho Man said that due to the fact that the property market was driven by the trend of discounting the prices,so it have increased the properties with the price of HKD $2.0 million,they have also recorded a transaction recently,the unit was located in Flat G,Middle Floor,Lai Po Building,with an usable area of 248 feet,two sides have bargained over HKD $100,000 and transacted in approximately HKD $1.755 million,equivalent to HKD $7,077 per sq.ft.The original owners bought the unit in about HKD $0.8 million in December 1996,with the appreciation of about 119%.
As for the other districts,Centaline said that they have recorded a transaction recently,the unit was located in Room 05,Upper Floor,Tower A,Jade Plaza in Tai Po,with a salable area of 262 feet,the original asking price by the owners was HKD $2.4 million in early February,after negotiation and finally sold in HKD $2.146 million;Fanling Cheerful garden have recorded the first transaction this month,the unit was located in Flat H,Lower Floor,Tower 1,with a salable area of 791 feet,the original asking price by the owner was HKD $5.18 million,then finally sold in HKD $4.888 million.Both transactions are with profits.
