Blue Chip housing estate appeared discount units,owner of South Horizons discounted 5%
Hong Kong's Wen Wei Po News ( reporter Ngan Lun Lok ) Government said that the property market won't withdrawal or unabated the spicy
legislation,coupled with a number of new large new properties have put on the market,some second-hand owners attitude gradually softened,multi-zone blue chips,emerging markdowns estate cases.Of which Kingswood Villas recorded a substantial discount to the transaction yesterday,representing a decrease of 11.84%.The South Horizons,Ap Lei Chau Island owners also face the reality,cash discount of 5.26% to sell the unit.
Centaline Cheng Ming Leung said that a lot of purchasing power is transferred to the new property sales,have impact on secondary tradings.Even if the Kingswood Villas which provided good price for first-time buyers,also thinly traded in recent months,many owners are forced to sell discounted units.Recorded a turnover of Chestwood Flat B,Lower Floor,Tower 3,usable area 633 feet,the owners in March asking price $3.8 million HKD,the latter see the deterioration in market conditions,gradually lower the asking price,and ultimately discounted $450,000 HKD to $3.35 million HKD changed hands,discounted of approximately 11.84%.And this price is lower than similar units by about 10%,with an average price of $5,292 HKD practical feet.
It said that the original owners in March 1994 to $1.537 million HKD buying units hold stocks over 19 years,the book profit $1,813,000 HKD,the unit appreciated nearly 1.2 times.Retrieve information,Kingswood Villas only recorded 40 cases in the Auguest,and in the past two weeks of this month,only have about 14 transactions,market conditions are very quiet.
Middle Floor of Ocean Shores discounted $400,000
In addition,the TKO Ocean Shores Flat G,Middle Floor,Tower 13,salable area of 499 feet,buyers undertake to $5.35 million HKD,$10,721 HKD per
practical ft. Initial asking price $5.75 million HKD.The original owners,buyers and sellers bargain price $400,000 HKD then sold,minus 6.96 percents.Original owners in September 2003 to about $2.32 million HKD purchase of units with 10-year appreciation of 1.3 times.
On Hong Kong Island,South Horizons,Ap Lei Chau also recorded a discounted deal,AP real estate Deng Hui Hao said Horizons Flat E,Middle Floor,Tower 8,usable area 739 feet,the owners are willing to discount was about $ 500,000 after the takeover,discounted of 5.26%,the transaction price of about $9.0 million HKD,practical foot price of about $12,179 HKD.Original owners in December 1992 spent $3.35 million HKD purchase of the site,hold stocks since 21 years,the book profit of about $5.65 million HKD,the appreciation of the property during the period of approximately 1.69 times.
Centraline District Kui Kwok Leung also said Tanner Garden in North Point Flat B,Middle Floor,Tower 3,840 feet of usable area,the original
owners bid $ 1.8 ten million HKD,recently discounted to $ 1.118 ten million HKD,discounted about $620,000 HKD,or 5.25 percent,practical ft
$13,310 HKD,but still a high record unit cost of similar estates.Original owners are in February 2011 to $8.6 million HKD into the market on the site,the unit appreciated by about 3 percents.
People who bearish on the property market sold their properties and sublet Lei King Wan
Except for the discounted turnovers appeared frequently,even the leasing market appears "discounted rents",reflecting the market weak
illiquid.Centraline Chan Hoi chiu said Flat E,Middle Floor of Lei King Wan in Sai Wan Ho,salable area of 539 feet,the original owners asking
price $ 19,600 monthly,asking a week later,the area felt market conditions stalemate,then face to the reality,the unit discounted 10.71 percents to $17,500 HKD and leased,equivalent practical ft $32,slightly lower than the market price.A new tenant is a user from the Eastern district,have owned the property before,but due to the fact that bearish on the property market,so sold the property and sublet, tenant-occupied units first until the property market have called back and will buy an unit again .Owners then in May 2010 to $4.51 million HKD acquisition of property,the rental return of approximately 4.7%.
