(By Huang Jiaming)
Property market still dull, so many second hand property owners are willing to cut price and sell as soon as possible. North Point district appeared price cut transactions in succession. Unit in KIU HING Building was cut by HKD 2.52 million in half year to HKD 10.38 million and sold, with price cut at nearly 20%;Property of Mount East in same district decreased by HKD 0.9 million to HKD 14.98 million and sold with lease.
High floor unit in KIU HING Building sold after being cut by 20% on price.
High floor room A in KIU HING Building North Point, in usable area of 730 sq ft, was put on sale at HKD 12.9 million half year ago, and was finally cut by HKD 2.52 million to HKD 10.38 million, with down range of nearly 20%, and the usable area sq ft price was HKD 14,219, expressed by Yan Zhiyun from Century 21 Northern Mid-Level. The original owner bought this house at HKD 6.35 million in April 2010 and earned book profit of HKD 4.03 million, with property appreciation of 63%.
High floor room A in building 3 of Grand Promenade in Sai Wan Ho, of which the usable area is about 1,129 sq ft, sold at HKD 22.28 million, with usable area sq ft price at about HKD 19,734, expressed by Cai Junpeng from Hong Kong Property. The original owner bought this unit at HKD 23.9 million, losing about HKD 1.62 million. It definitely was a losing transaction after incidental expenses.
Low floor room C in Broadway Street 117 of Mei Foo Sun Chuen phase 4 in Lai Chi Kok was put on sale at HKD 4.7 million last month, and was finally cut to HKD 4.38 million and sold, down by HKD 0.32 million or about 6.8%, expressed by Gu Xuezhu from Hong Kong Property. This unit is in usable area of 509 sq ft, with sq ft price at HKD 8,605. The original owner purchased this house at about HKD 2.85 million in January 1997, earning about HKD 1.53 million, with appreciation at nearly 54%.
Unit of Mount East sold with lease after being cut by 5.7% on price.
High floor room A of Mount East in North Point, in usable area of 766 sq ft, was sold with lease, expressed by Shi Xinda from Centaline. The original owner asked for HKD 15.88 million in the end of last year, but cut by HKD 0.9 million following by leading market trend, and sold at HKD 14.98 million, down by about 5.7%, with usable area sq ft price at HKD 19,556. The original owner bought the above house at HKD 13.88 million in November 2011 and earned profit of HKD 1.1 million from this resale.
In addition, Tuen Mun Town Plaza registered one cases of immediately sale to house changing customer from same district, which was in middle floor room D of building 3, in usable area of 349 sq ft, and it sold at HKD 3.08 million, with usable area sq ft price at HKD 8,825, expressed by Yuan Sixian from Manywells. Since the buyer has more than one property, so DSD (Double Stamp Duty) need to be paid at about HKD 0.106 million. The original owner bought the above house at about HKD 1.53 million in October 2009 and earned profit of nearly HKD 1.55 million with appreciation of more than one time after holding it for above 4 years.
