(By Su Hongqiang)
In the beginning of Summer, public house market continues the hot and more latest peak prices appear. A medium high unit from Lei Tung Estate Ap Lei Chau in usable area of 381 sq ft was sold at green form market price HKD 2.48 million in June, sq ft price of which up to HKD 6,509, and the last peak record was HKD 6,378 from same project in April which ranks the second now, according to Hong Kong Housing Authority data. Until now, the top three Hong Kong green form public house sq ft prices in last quarter are all from Lei Tung Estate.
Reviewing this year, one high floor unit from Lei Tung Estate in Ap Lei Chau was sold at green form price HKD 2.6 million in May, sq ft price of which up to HKD 6,824 base on usable area in 381 sq ft, ranking the first on top three Hong Kong green form public house sq ft prices.
566 sq ft unit in Hin Keng Estate was sold at nearly HKD 3 million.
Another side, one low floor unit from Hin Keng Estate in Tai Wai was sold at HKD 2.88 million with free land premium last month, which was nearly HKD 3 million, and the sq ft price was HKD 5,088 base on 566 sq ft, estimating the latest peak among public houses in same district.
As for down town Home Ownership market appeared transaction at crazy price, market source pointed medium floor room A from block 1 Aldrich Garden in usable area of 484 sq ft was sold at green form price HKD 4.79 million, sq ft price of which up to HKD 9,897, the latest peak in this project. The original owner bought this unit at about HKD 1.57 million in 2009, and the house appreciated two times from this reselling.
Small-medium size residence is popular. Low floor room 4 in usable area of 490 sq ft from block R of Kornhill Gardens was sold at HKD 8.1 million, sq ft price of which up to HKD 16,531, breaking the sq ft price record in this project, Centaline Property Lin Yiheng expressed. The original owner bought the above house at HKD 2.25 million in 2004 and it appreciates 2.6 times.
Parking spot in Kingswood Villas is HKD 0.87 million breaking the last record made in 1997.
Property price rising also pushes up the parking spot price. Parking spot in Tin Shui Wai Kingswood Villas which is considered as having the most "hold-up" properties now finally warms up. One single number parking spot in Lynwood Court was sold at HKD 0.78 million, breaking the old record of HKD 0.76 million made in 1997, Ricacorp Properties Xiao Jiawei expressed. The original owner bought it at HKD 0.42 million in 1996, earning about 86% from this reselling.
However, luxury property market is still in cold season. Single number house of Royal Palms in Yuen Long was sold at HKD 16.45 million, sq ft price of which is HKD 9,659 base on 1,703 sq ft, Centaline Tan Xiuqiong expressed.
Transaction in Royal Palms is lost.
The original owner bought the above house at HKD 18.9 million in 1997 and lost HKD 2.45 million from this reselling.
