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2-bedrooms unit of Taikoo Shing transacted with ten million dollars,with the average sq.ft price of HKD $17,000 and recorded 65% appreciation in 4 years

Squarefoot Editor  2014-12-09  #Property Hit News
Hong Kong's Wen Wei Po (Reporter So Hung Chung)Blue-chip housing estate Taikoo Shing in Quarry Bay has always been highly popular,prices have been challenging Mid-Level mansions.A unit with an area of less than 600 feet with rooftop,recently recorded a transaction with the price of HKD $1.0 ten million changed hands,in order to become the first unit with 2-bedrooms interval of the housing estate recorded ten million traded,with the average sq.ft price of HKD $17,000,refresh the record of similar units. Centaline Cheung Kong Yiu pointed out that the transacted unit was located in the top floor of Kam Shing Mansion with rooftop,with the salable area of 582 square feet,belong to the housing estate's 'King of the unit with 2-bedrooms interval'.Original owners initially with the asking price of HKD $1.038 ten million, the reduced to HKD $1.0 ten million and changed hands,equivalent to HKD $17,182 per sq.ft.Look up market data is first unit with 2-bedrooms interval of the housing estate recorded ten million traded. The unit attached with 200 feet rooftop As for the original owners bought the unit with the price about HKD $6.05 million in 2010,hold stocks more than four years,with the book profit HKD $3.95 million,65 percent appreciation of the unit.Taikoo Shing recorded 14 deals so far this month.According to reports, the deal is the second unit of utility rates as high as 85%, called 'King of the unit with 2-bedrooms interval' and even a rooftop about 200 square feet, after the transaction,there are no more unit with rooftop put up for sale. Throughout the year, the housing estate have recorded transactions with high prices,especially in the Government to relax after a double stamp duty deadline for flat stimulate trading estates large size units.There are also a unit located in Flat H,Upper Floor of YEN KUNG MANSION,with the area of 747 sq.ft,transacted with the price of HKD $1.4538 ten million,hit a new high record of 3-bedrooms units of the housing estate.And for the unit which located in Flat H,Upper Floor,TIEN SING MANSION which transacted with the price of HKD $8.8 million late last month,with the salable area of 580 sq ft,vacant changed hands,with the salable area of HKD $15,172 sq ft,a kind of new high-priced units. Sunshine City Plaza hit a new high record of sq.ft price As for the other housing estates also recorded transactions which hit a new high record,market sources,Room 2,Upper Floor,Tower H of Sunshine City Plaza, Ma On Shan, the salable area of 338 square feet, priced at HKD $4.45 million,with the discounted sq.ft price of HKD $13,461,with the highest price per square foot of the housing estate.The original owners in 2012 to about HKD $3.0 million to buy the unit, almost half of this appreciation sell goods industry during the period. Midland Realty Wong Tsz Chiu said HOS in Tsui-Lai-Garden Sheung Shui ,the unit located in Flat J,Middle Floor,Tower 4,with the utility area of approximately 484 square feet, sold about HKD $3.23 million,the price is about HKD $6.674 per sq.ft,refresh estates record price per square foot. Centaline Chan Mao Kai said the unit located in Flat C,Middle Floor,Tower 4 of Fanling-Town-Centre have changed hands,with the salable area of approximately 376 square feet, in order to sell HKD $3.65 million,with the average price per sq ft of salable area of HKD $ 9,707, compared with about 7% higher than the market price, a new unit of the same type high prices. Bungalow with the price of HKD $1.4 billion changed hand in form of company transfers On the other hand,luxury buildings recorded a series of transactions, market sources, the Southern District No. 56 Repulse Bay Road bungalow changed hand in form of company transfers, involve a high amount of more than HKD $1.4 billion, the property with the salable area of 3,366 square feet, equivalent to more than HKD $41,000 per sq.ft. As for the original owners in 2006 to purchase the unit with the name of the company,valued HKD $6.4 ten million, this resale property appreciation over a period of time.
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