Taikoo Shing’s characteristic house has lost its real estate fee after 9 years. The three-bedroom immigrant housing in Mei Foo Sun Estate is sold at a low price of 15% | Blue-chip housing estates
Blue-chip housing estates have continuously recorded low-price transactions. Taikoo Shing, Quarry Bay, one of the benchmark housing estates, has temporarily recorded about 4 second-hand transactions so far this month, and the latest case of a rooftop specialty house that “made money but lost money” was recorded.
Specialty houses on the rooftops of Taikoo Shing are priced at nearly 20% off the market price
Market news indicates that the top floor of Lushan Pavilion in Taikoo Shing, which has a rooftop unit and has a usable area of about 589 square feet and two rooms separated, was taken over by a user from outside the district for NT$8.88 million, with a price per square foot of about NT$15,076. It is reported that the original owner is in urgent need of cash, so he is willing to expand the bargaining space to facilitate the transaction.
According to agents in the area, compared with the market price of similar rooftop houses with special features of NT$11 million, the transaction price was significantly lower by about NT$2.12 million, or nearly 20%. The original owner purchased the unit in 2014 for about NT$8.78 million and held it for about 9 years. He now made a profit of NT$100,000 when he resold it. However, after taking into account printing fees and other royalties, he left with a loss of more than NT$400,000.
Three-bedroom apartment in Mei Foo Sun Village reduced by RMB 130Ten thousand
In addition, Mei Foo Sun Estate in Lai Chi Kok recorded one immigration transaction. Market news indicates that Room D, a high-rise building at No. 1 Hengbai Street, Phase 5 of the housing estate, has a usable area of approximately 703 square feet and a three-room separation principle. Last month, the house was listed for NT$8.28 million. Due to the urgent sale by immigrants, it finally changed hands for NT$6.98 million, a cumulative decrease of NT$1.3 million or about 15.7%, and the price per square foot was about NT$9,929.
According to banks, the average valuation of units is NT$8.185 million, and the transaction price is nearly 15% lower. The original owner purchased the unit as early as 2000 for about NT$2.38 million and held it for about 23 years. He still made a profit of NT$4.6 million on the book, and the unit appreciated nearly twice in value during the period.
The original article was published on AM730
2023-11-06 23:00:00
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