Second hand property market frequently appears cases of price cut trading.

(By Liang Yueqin) Buyers' house visiting intention sharply decreased because of the arrival of typhoon Utor. The second hand property market also is dull and cases of price cut trading frequently appears. Low floor unit of The Wharf in North Point sold at fixed price lower 5% than market level. Property of Hong Kong Garden in Sham Tseng sold in price lower 3% than market price. One owner of property of Scenic View in Ngau Chi Wan accumulatively cut HKD 270,000 with range of 5.7% to sell a 2 rooms unit in order to change for larger house. Unit of The Wharf sold at HKD 5.35 million which lower 5% than market price. Huang Wenlong from Century 21 Sunrise Property pointed, low floor room B of The Wharf in North Point sold at fixed price of HKD 5.35 million yesterday at the usable area sq ft price of HKD 12,132 which lower 5% than its same series properties. The Original owner earned book profit of HKD 3.53 million and the unit appreciated 1.9 times. A house changing customer bought a 3 rooms unit of Hong Kong Garden in Sham Tseng at about HKD 4.18 million which lower 3% than market price under dull market. He Weibin from Midland expressed, the unit is located in room C of middle floor of building 9 with trading price at about HKD 4.18 million and the usable area sq ft price at about HKD 5,846 which lower about 3% than market level. The original owner earned book profit about HKD 2.18 million and the unit appreciated 1.09 times. In addition, unit of Cheung On Estate in Tsing Yi which is Home Ownership project was put on sale for half day yesterday and bought by a renter at about HKD 2.48 million of free market price and an extra DSD of about HKD 74,400. Liang Yuehong from Midland expressed, the unit of Cheung On Estate in Tsing Yi which just sold is located in room 33 of middle floor of On Tao House with usable area of about 354 sq ft. The owner just slightly cut HKD 20,000 and sold the unit at about HKD 2.48 million of free market price. The estimated rate of return is more than 4%. The Original owner earned book profit about HKD 1.58 million after holding the unit for 3 years and the property appreciated about 1.76 times. The original owner of the 2 rooms unit of Scenic View in Ngau Chi Wan who had already bought another 3 rooms property in the same district asked for HKD 4.7 million a month before and sold it at HKD 4.43 million recently. Price cut is accumulatively at HKD 270,000 in a month with decreasing range of about 5.7%. Feng Jingyi from Hilltopland expressed, this property is located in room F of high floor in building 1. The original owner earned book profit of HKD 2.2 million. Xie Liguan from Manywells expressed, the price of room D in low floor of building 8 of phase 6 of Kingswood Villas in Tin Shui Wai was cut from HKD 3.3 million by HKD 212,000 with range of 6.4% by the original owner. The final price is HKD 3.088 million and the usable area sq ft price is HKD 5,719. The original owner earned book profit of about HKD 958,000 from the reselling.

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