Hong Kong's Wen Wei Po (Reporter Leung Yuk Cum) February of Lunar New Year is a traditional dull-season of the property market,coupled with the cold weather,the government " spicy trick " is still existed,first-hand properties continued to launch out the sales with discounts and free of taxes in order to attract buyers and the lands in Tuen Mun also sold in a low price.Some second-hand property owners bearish the outlook of the property market,facing the realistic and willing to cut the price in order to sell their properties.There are owners of Serenade in Tai Hang and Central Height in Tsueng Kwun O haven't sold their units in two months,but after cut the price over a million and sold finally.
Ricacorp Properties supreme mansion Sports Road Branch Marketing Manager Fung Din Fung pointed out that it recorded a transaction which located in Flat B,Middle Floor,Tower 1,Serenade,Tai Hang,with a salable area of approximately 787 feet.The asking price of the owners last December was HKD $1.8 ten million,discounted HKD $1.12 million of the price recently to HKD $1.688 ten million with parking space and sold finally,a decrease of approximately 6.2% ,the price of about HKD $21,449 per practical feet.This unit is a compensation units for the original inhabitants which due to the fact that the developer need to rebuild Lai Sing Court.The owner in January 2011 to HKD $1.555 ten million to purchase the unit,changed hand recently and have a book profit of HKD $1.33 million,profit increase of about 9%.
Tung Chung Crescent discounted 5% of the price and sold
Tsueng Kwun O also appeared a transaction with a discounted price.Ricacorp Properties Ace courts of The Wings Branch (A group),senior manager Cheung Kin Mok said Tower 13 of Park Central and Flat A,Upper Floor of Central Heights,four-bedroom interval,with salable area of 905 feet,with a view of the southeast of the sea.The asking price of the owners was HKD $1.2 ten million in December last year,recently reduced the asking price to HKD $1.168 ten million,after the prospective buyers to bargain and ultimately to sold in HKD $1.1 tne million,the price of about HKD $12,155 per sq.ft,the total reduction of 8%.Owners in April 2011 to spend HKD $9.3 million to buy this unit,sold out recently and have the book profit of about HKD $1.7 million,a profit increase of about 18%.
Ricacorp Properties Ace courts of Caribbean Coast branch manager Ngo Siu Yung refer to Flat D,Upper Floor,Tower 5,Tung Chung Crescent,salable area of about 530 feet,two rooms open interval.The original asking price be the owners was HKD $5.3 million,after bargaining of HKD $50,000 and sold finally,a decrease of about 5% ,the price of about HKD $9,434 per sq.ft.Owners bought the unit in HKD $2.85 million in August 1999,changed hand this time and got the book profit of HKD $2.15 million,the appreciation of about 75%.
Blue Chip Housing-estates transacted in a price which much lower than the market price
The trend of discounted prices have been appeared on the blue-chip housing estates.Midland Realty Telford of Kowloon Bay branch chief senior sales manager Wong Yuen Kay said that,Telford Gardens also recorded a deal with low price,Room 4,Lower Floor,Tower O,Telford Gardens,with salable area of about 517 feet,two bedrooms interval,the transaction price of about HKD $4.2 million,salable area sq.ft price of approximately HKD $8,124,lower than the market price of about 4%.The buyer was a first-time buyer,love the advantages of railway with the housing estates,coupled with affordable price,so decided to buy it for home-use.Original owners bought the unit in about HKD $3.083 million in March 1997,held the property until recently,the book profit of about HKD $1.117 million, about 36% of the appreciation of the property during the period.
Mei Foo Sun Chuen also blowing a cold wind,a unit with two-bedrooms interval cost less than HKD $5.0 million.Centaline Phase three of Mei Foo Sun Chuen branches senior district sales manager Wong Wai Ha said that a unit which located in Flat D,Middle Floor,No.105 Broadway,Street,Mei Foo Sun Chuen,Lai Chi Kok,with 496 feet of salable area,just sold in HKD $4.68 million,HKD $9,435 per sq.feet,the new buyer was branches of the family who is living in the same district.Original owners bought the unit in HKD $3.53 million in September 2010,held the unit for about three and a half years,get a profit of HKD $1.15 million,the unit appreciation of 32.6%.
