Real Estate Transactions in Hong Kong: Rooftop Apartment in Sheung Shui sold for $6.35 Million

A rooftop apartment in Wong Fu Hill, Sheung Shui, changed hands for $6.35 million. The unit depreciated by about 15.1%.

Lai Zuozhi, deputy regional sales manager of Centaline Real Estate Sheung Shui Lung Fung Branch, said that they have recently completed the construction of two top-floor units with rooftops in Huangfushan, Sheung Shui, with a usable area of 490 square feet, a built-up area of 633 square feet, a rooftop of about 319 square feet, and two bedrooms. Looking forward to the bright future, the asking price was about $6.8 million. It was put on the market for about a week and finally changed hands for $6.35 million. The average price per square foot of usable area was $12,959, a cumulative reduction of $450,000.

Zhongyuan Lai Zuozhi pointed out that the new buyer is an owner. Seeing that property prices have dropped significantly in recent days, the unit he fell in love with is a special unit and there is also corporate decoration. Seeing that the owner provides reasonable room for negotiation, he immediately decided to buy the unit for his own use when viewing the property. use. It is understood that the original owner purchased the above address for $7.48 million in December 2021 and held it for more than 2 years. The unit sold this time left the market with a loss of about $1.13 million, and the unit depreciated by about 15.1%.

A three-bedroom apartment in Xingang City, Ma’anshan, changed hands for $6.439 million after price negotiation.

Hu Yaozu, senior regional sales manager of Centaline Real Estate Ma’anshan Yinghai Yufeng Branch, said that it has recently secured Room 01, middle floor, Tower A, Ma’anshan Xingang City. The unit has a usable area of 568 square feet, a built-up area of 687 square feet, and three rooms. The asking price is about $6.9 million. The price has been negotiated a few days ago. It later changed hands for $6.439 million, with an average price per square foot of usable area of $11,336.

Hu Yaozu of Zhongyuan pointed out that the new buyers are owners. Seeing the comfortable environment of the housing estate and the open-minded upper floors of the units, they seized the opportunity to enter the market for self-use. It is understood that the original owner purchased the unit in 1998 for $2.06 million and held it for 26 years. The unit was resold with a book profit of approximately $4.379 million, representing an appreciation of approximately 213% during the period.

Further reading: Newport City Yufeng Ma’anshan

Olympic Junhui Harbor 2-bedroom apartment was rented for $21,000 and the net rent per square foot was $44.

Fan Chaoming, chief co-director of Hong Kong Real Estate Olympic Station Olympian City Phase 2 Branch, said that the rented unit is Room D, low floor, Tower 6, Olympic Junhui Harbor, with a usable area of about 477 square feet and a built-up area of about 621 square feet. It is a two-bedroom apartment. Looking west to the park and sea views, the owner offered the property for rent for $22,000. Only five days later, it attracted inquiries from customers in the same area. After negotiation, it was decided to rent the property for $21,000. The average rent per square foot of usable area is $44, and the average rent per square foot of built-up area is $33.8.

It is reported that the new tenant is a family and his favorite unit comes with full furniture, so he decided to rent it after viewing the property twice. The owner purchased the above unit for approximately $3.8 million in January 2010, and the owner enjoyed a return of approximately 6.6%.

A mid-rise three-bedroom apartment in Mei Foo Sun Chuen is rented out at a negotiated price of $25,500. The owner can enjoy a return of approximately 4.5%.

Wu Zhihui, chief co-director of Hong Kong Real Estate West Kowloon Mei Foo Phase 7 Branch, said that the rented unit is Room B on the middle floor of No. 88 Broadway Street, Mei Foo Sun Chuen Phase 3. The usable area is about 873 square feet. It is a 3-bedroom apartment with suites and a building view to the east. Wu Zhihui pointed out that the owner offered the lease for about $29,000 for two weeks and attracted inquiries from customers in the same area. After negotiation, the two parties rented out the property for $25,500. The average rent per square foot of usable area was $29.2, which was about 5% lower than the market price.

It is reported that the new tenant is a family and the unit he likes is decorated and furnished, so he decided to rent it after viewing the property twice. The owner purchased the above-mentioned unit in January 2011 for approximately $6.75 million. Based on the current rental level, the owner can enjoy a return of approximately 4.5%.

Fo Tan Jubilee Garden was rented out for $16,500 after negotiation

Yao Chi-wing, senior branch manager of Centaline Real Estate New Territories East Yu Lung Shan Branch, said that they recently secured a mid-floor G unit in Tower 6, Jubilee Garden, Fotan. The unit has a usable area of 510 square feet, a built-up area of 653 square feet, and two rooms. The asking price is about $17,000. After negotiation, the price is It is rented out for $16,500, and the average rent per square foot of salable area is $32.4.

Zhongyuan Yao Zhirong pointed out that the new tenant is from the same area. Seeing that the environment of the housing estate is comfortable and the price of the unit is reasonable, he took the opportunity to rent the unit for his own use and is convenient for work. It is understood that the owner purchased the unit in 2007 for approximately $1.7 million and can enjoy a rental return of approximately 11.6% when renting out the unit.

A 4,752-square-foot detached house at double number Wo Fook Road was taken over with a monthly rent of $270,000.

Midland Realty’s Assistant Regional Manager for Luxury Homes in the Peak South District, Yang Jiajun, said that the bank has just facilitated the acquisition of a double detached house on The Peak and Fook Road by luxury tenants in other areas. The usable area of the unit is approximately 4,752 square feet. The house has a private garden and swimming pool. It is about 5,000 square feet, and there is also a garage that can park 4 cars. Because the quality of the housing estate and units are ideal and meet the needs of the tenants, we took it over before the Lunar New Year. The monthly lease is $270,000, and the average usable area is 100,000 square feet. to $56.8.

The monthly rent for a mid-floor 2-bedroom apartment in Block 11, Fanling, is $12,000.

Chen Guohui, regional sales director of Centaline Real Estate Fanling Mingdu Branch, said that the market sentiment has improved recently and the leasing market continues to be active. The latest mid-floor E-room in Fanling Qianqingjing is 11, with a usable area of 385 square feet and a built-up area of 532 square feet. Two bedrooms separated, with garden views, rented out at $12,000 after negotiation, with an average usable square foot of 31.2.

Zhongyuan Chen Guohui said that the new tenant is a local resident. Seeing that the units are shared and the rent is reasonable, he rents the unit to live in. It is understood that the original owner purchased the unit for approximately $5.7 million in 2018, and the unit can enjoy a rental return of approximately 2.5% this time.

Further reading: Fanling famous city Haruharuma Fanling

A low-rise 2-bedroom apartment in Block D of Lung Poon Court in Diamond Hill changed hands for $4.83 million

Li Zhirong, sales manager of Midland Realty Diamond Hill Galaxy Mingju branch, said that the bank had just facilitated a transaction for Lung Poon Court in Diamond Hill. The sincerity of local customers who brought tickets to view the property impressed the owner at a reduced price and finally purchased the deal for $4.83 million. The 2-bedroom unit in this housing estate is occupied by the owner, and the equivalent price per square foot is approximately $11,338. It is the first transaction in this housing estate this month.

Lai Chi-wing pointed out that the above-mentioned transaction unit is a low-floor 2-room unit in Block D of Lung Poon Court, Diamond Hill, with a usable area of about 426 square feet. It has a 2-bedroom partition and faces the southeast, enjoying the garden view. It is reported that the owner originally asked for $4.9 million, but one week after the listing, there were inquiries from buyers in the area. The buyer’s favorite housing estate is adjacent to the MTR station, convenient for work, and the unit is beautifully decorated. The on-site ticket sales show his sincerity. In the end, the owner was moved to reduce the price by $70,000. The unit changed hands for $4.83 million, equivalent to a practical price of about $11,338 per square foot.

Referring to the transaction information, the original owner purchased the above property for $4.93 million in February 2017 and held it for about 7 years. The book loss was $100,000, or about 2%.

Hong Kong Island.East 18 high-rise 3-bedroom apartment sold for $7.05 million

Li Zhenrong, co-regional manager of Midland Real Estate Grand Bay Branch, said that the bank has just brokered a deal on Sai Wan Ho Hong Kong Island. A 531-square-foot house in East 18 was sold. The buyer liked the convenient transportation and attractive property prices, so he took over the house for $7.05 million. In 2011, the book value of the house depreciated by about 17% when it was resold.

Li Zhenrong said that the bank facilitated Hong Kong Island. East 18 is a high-rise C-room unit with a usable area of about 531 feet and a built-up area of about 737 feet. It has a three-room layout. The living and dining rooms of the unit are clearly divided. Moreover, the housing estate is close to the MTR station and the transportation is convenient, so it has been exchanged for the same area. The building’s tenants love it. The original owner’s recent asking price was about $7.4 million. After negotiation, the transaction was about $7.05 million. The equivalent practical price per square foot is about $13,277, and the building price per square foot is about $9,566.

The original owner purchased the above-mentioned property in May 2011 for approximately $8.461 million. The book loss was approximately $1.411 million, and the property depreciated by approximately 17%.