Jianglan Tunnel and Tseung Kwan O Cross Bay Link Road were opened to traffic on Sunday. A real estate consultant said it will help increase housing demand in the area and property price trends; In the first 7 days of this month, 7 cases of loss were recorded, however, the transaction speed was greatly accelerated. For example, Junying recorded 6 transactions in a row within 5 days, and 3 of them were sold at a loss, with the largest loss reaching 2.71 million yuan.
Lijiage Huang Jinqin said the three-bedroom apartment in room E, high-rise 2, Junying Phase 2, with a usable area of 738 square Yuan. The original owner entered the market at RMB 9.38 million in 2019 and has only held the commodity for 3 years. The accounting loss is now RMB 2.2 million or about 23.5%, taking into account the effective loss of more than RMB 2.71 million.
Zhongyuan Huang Shibin said that the three-bedroom house in room F, high-rise building 7, phase 1 of the residential complex has a usable area of 738 square feet, faces west, and enjoys a sea view. The original asking price was RMB 10.5 million, and the cumulative decrease was RMB 2.75 million, and was sold at RMB 7.75 million. The price per square foot was about RMB 10,501. The original owner entered the market at a price of 8.95 million yuan in May 2018 and now has a carrying loss of 1.2 million yuan or about 13% on the book, accounting for the actual loss of more than 1. 7 million yuan.
Huang Shibin went on to say that the three-bedroom apartment in Room G, a high-rise in Block 6, Tseung Kwan O Center, has a usable area of 690 square feet, faces northwest, and has mountain views. . The initial asking price was RMB 10.3 million, and it changed hands by RMB 920,000 or 9% to RMB 9.38 million. The price per square foot is approximately RMB 13,594. The original owner bought the unit for 10 million yuan in December 2019. He just kept the unit for 3 years. Due to the immigrant immigrant, the additional stamp duty (SSD) is relaxed and he decides to sell the unit. Now the book transfer lost 620,000 yuan or about 6.2%, taking into account the actual loss of more than 1.18 million yuan in expenses.
After opening to traffic, property prices could outperform other areas by 5%
Jones Lang LaSalle released the “Hong Kong Residential Sales Market Overview” yesterday. Li Yuanfeng, senior director of strategy and advisory department, pointed out that Tseung Kwan O is one of Hong Kong’s top three residential areas. Being in a downward cycle, it can also buffer the decline in property prices in the area. He told the media that, referring to past examples of infrastructure construction, property prices could outperform other areas by about 5%, but the effect of the opening of the two new infrastructures could take about 3 months or more to reflect. .
Originally released on AM730 https://www.am730.com.hk/Real estate/Tseung Kwan O 7 losses in 7 days-Junying Sanfang lost 2.71 million in 3 years/351759?utm_source=yahoorss&utm_medium=referral
