Hong Kong's Wen Wei Po The new properties have more than 8,200 units supply menacing,which cause the second-hand property market have appeared a discounted cases o even with a loss.Midland Realty Lai Chuk Kung saud that a 3-bedrooms unit in Kingswood Villas Maywood was bought by the owner with about HKD $3.4 million,cost less than the 1997 purchase price,the carrying an amount of losses of approximately HKD $466,000.The unit which have just transacted was located in Flat a,Lower Floor,Tower 2,with a building area of about 818 sq ft,salable area of approximately 629 sq ft,with 3 room suites interval,sold about HKD $3.4 million,equivalent to a gross floor area of about HKD $4,156 per sq.ft,with a salable area price of about HKD $5,405 per sq.feet.Original owners in May 1997 to spend about HKD $3.866 million bought it,hold stocks so far,the book eclipse approximately of HKD $466,000.
The unit which located in middle floor of Coral Court have discounted nearly 6% and sold
Ricacorp Properties Chan Siu Wai means that Room 01,Middle Floor,Tower B, Coral Court,Mid Level of North Point,with a salable area of about 877 feet and a gross floor area of approximately 1,086 feet,set of 3 bedrooms with maid's room design,the original asking price of the owners was $1.19 ten million and finally to HKD $1.12 ten million and sold,with a decrease of nearly 6%,equivalent to a salable area of about HKD $12,771 per sq.ft,building area of approximately HKD $10,313 per sq.ft.Original owners in May 2006 to HKD $4.875 million bought the property,is successful resale this time and with a book profit of HKD $632.5 million,earned about 1.3 times. Coral Court also recorded a first transaction in this month,the property project with 10 remaining units and with an admission fee of about HKD $9.5 million.
The unit which located in Middle Floor of Sceneway Garden sold in 5% lower than the market price
Ricacorp Properties Chan Wai Chun said that there are a transaction located in Flat H,Upper Floor,Tower 5, practical and gross floor area of the unit was approximately 614 feet and 783 feet respectively,the original asking price of the owners was HKD $5.0 million,slightly discounted HKD $50,000 and sold in HKD $6.2 million,equivalent to practical and construction of approximately HKD $10,098 and HKD $7,918 per sq.ft respectively,the transaction price wa recorded 5% lower than the market price.Vendors in June 1992 to about HKD $2.8 million to acquire the unit,the unit changed hand this tim with a book profit of about HKD $3.4 million,with a profit of about 1.2 times.Chan Wai Chun continued and said Sceneway Garden have temporarily recorded about three transactions in this month,with an average price of utilities and construction of approximately HKD $9,955 and HKD $7,814 per sq.ft respectively,there are about 177 units are to be on sale in this property project,a two bedrooms unit with an admission fee of approximately HKD $4.9 million.
A 2-bedrooms unit of Greenfield Garden reduced to HKD$3.28 million
Ricacorp Properties Ho Cheng Wai said that they have recorded a transaction which was a unit which located in Flat F,Middle Floor,Tower 4,with a salable area of approximately 368 feet,the building area of about 482 feet,the asking price of the owners was HKD $3.45 million in the end of last month and sold in HKD $3.28 million,with a reduction of about 5% ,equivalent utility and construction area at approximately of HKD $8,913 and HKD $6,805 per sq.ft respectively.Original owners bought the unit with the price of HKD $1.638 million in April 2010,changed hand this time with a book profit if HKD $1.642 million,which have doubled the prices during this period of time.Ho Chun Wing continued refers April so far,Greenfield Garden temporarily recorded three transactions,with an average salable area transaction price of approximately HKD$8,900 per sq.ft,the construction area is about HKD $6,800 oer sq,ft. this housing estate have about 60 units to be launched out on sale,a unit with the cheapest price of about HKD $2.98 million.
The unit which located in Middle Floor of IndiHome sold in HKD $4.22 million with an appreciation of 83%
Ricacorp Properties Lee Kwok Fai said that they have recorded a second-hand discounted transaction of IndiHome recently,the unit was located in Room 05,Middle Floor,with an utility area 420 feet and 586 feet of building area,the original asking price by the owners was HKD $4.3 million and finally sold in HKD $4.22 million,equivalent salable area price of about HKD $10,048 per sq.ft, building area at approximately HKD $7,201 per sq.ft.The seller bought the unit with the price of HKD $2.3 million in March of 2008,hold stocks for six years and sold this time with a book profit HKD $1.92 million,the unit appreciated by about 83%. Indihome has temporarily recorded three second-hand transactions so far in April,with the average price of utility and construction area price of approximately HKD $9,500 and HKD $7,500 per sq.ft respectively,this property project have about 60 units to be launched out on sale,a one -bedroom units with an admission fee of about HKD $3.3 million.
