Home » Business » Top Real Estate Transactions in Hong Kong: Properties Sold, Rented, and Appraised at Millions – Updates and Analysis

Top Real Estate Transactions in Hong Kong: Properties Sold, Rented, and Appraised at Millions – Updates and Analysis

A mid-floor, 3-bedroom apartment in Block 1 of Prosperity Garden in Fo Tan was sold for $11.08 million after negotiation.

Chen Yun’er, chief regional sales manager of Centaline Real Estate’s Chun King Garden Branch, said that after the announcement of the financial plan, the overall market atmosphere was quite positive, driving transactions. The latest mid-floor A-unit in Chun King Garden, Fotan, has a unit construction area of ​​1,236 square feet and a usable area of ​​1,041 Square feet, with 3 bedrooms and suites, with tower and mountain views, the asking price was about $11.6 million. After negotiation between the two parties, it was sold for $11.08 million, with an average practical square foot price of about $10,644.

Chen Yun’er of Zhongyuan said that the new buyer was a family from the same district. Seeing that the environment of the housing estate was comfortable and the price was reasonable, and fearing that it would be more difficult to enter the market after the property was withdrawn, she decided to buy the unit to live in. It is understood that the original owner purchased the unit for $5 million in 2009 and held it for 15 years. Now he has left the house with a profit of about $6.08 million. The unit has appreciated by about 122%. The housing estate has recorded about three transactions so far this month.

The monthly rent for a low-rise 1-bedroom unit in Tower B of One innovale Phase 1 in Fanling is $10,800.

Chen Guohui, regional sales director of Centaline Real Estate Fanling Mingdu Branch, said that the rental market has continued to be active recently. One innovale in Fanling has recently booked Room 01 on the lower floor of Tower B in Phase 1. The unit has a usable area of ​​322 square feet and a one-bedroom partition. The asking price is about $11,500. After negotiation, Rented for $10,800, the average usable square foot is $33.5.

Chen Guohui of Zhongyuan said that the new tenant is a local resident. Seeing that the unit is new and has a large clubhouse, he rents the unit to live in. It is understood that the original owner purchased the unit in 2022 for approximately $4.88 million, and the unit can enjoy a rental return of approximately 2.7% this time.

The transaction price of a high-rise 3-bedroom apartment in Tower 7B of Tai Wai Paviro Estate Phase 2 was $15.2 million.

Liu Junjie, deputy regional sales manager of Centaline Real Estate’s Sha Tin Luxury Houses Sha Tin Plaza Branch, said that after the withdrawal of spicy food, the overall trading atmosphere has significantly improved, and second-hand transactions have increased. Tai Wai District has temporarily recorded nearly 34 transactions this month, among which Pavillion has temporarily recorded 5 transactions this month. One transaction was completed. The latest transaction in the housing estate was for Room D, a high-rise building in Block 7B, Phase 2. The usable area is 753 square feet. It has 3 bedrooms and suites. It faces the northwest and enjoys the inner garden view. The asking price was about $15.9 million. After negotiation, the transaction was $15.2 million, which is equivalent to Practical price per square foot is $20,186.

It is understood that the new buyers are owners. They see that the housing estate has convenient transportation, a large shopping mall and a club, and complete living facilities. That is, the unit in the market is for self-use, which improves the quality of life. The original owner bought the unit for $15.41 million in November 2020 and held it for more than 3 years. This time, the book changed hands with a slight loss of about $210,000, and he left the house almost evenly.

Further reading: Sha Tin Plaza Pavillion Sha Tin Tai Wai

A middle-floor 3-bedroom apartment in Block 1, Hong Wai Garden, Quarry Bay was purchased by a buyer who wanted to change flats for $7.78 million.

Shi Zhigang, assistant co-director of the Kornhill-Pak Wai Court branch of Midland Realty, said that thanks to the effect of the withdrawal of spicy food, the transaction volume of the user-led Korn Wai Garden in Quarry Bay has also been active. The bank has just facilitated a 538-square-foot unit to exchange flats. The customer paid $7.78 million to take over the project. In 2010, the goods changed hands and appreciated nearly twice in value.

Shi Zhigang pointed out that the newly acquired Hong Hui Garden is a mid-rise D-room unit in Tower 1, with a salable area of ​​538 feet and a built-up area of ​​about 691 feet. It is a three-bedroom unit. The original owner recently asked for about $8.5 million, and it has been favored by property buyers from other areas. , and seeing that the market conditions were booming, they accelerated their decision to enter the market. After negotiation, the transaction was completed at approximately $7.78 million, equivalent to a practical price of approximately $14,461 per square foot and a construction price of approximately $11,259 per square foot.

The original owner purchased the above-mentioned property for approximately $3.98 million in January 2010. After resale, the book profit was approximately $3.8 million, and the value of the property increased by approximately 95%.

Further reading: Hong Hui Garden Huiyuan Quarry Bay

A mid-floor, 2-bedroom apartment in Block 8 of Fanling’s Qianqingjing changed hands for $5.128 million and appreciated by approximately 34.9%.

Chua Kin-tao, branch manager of Centaline Real Estate Fanling Center, said that after the withdrawal of spicy food, the overall trading atmosphere continued to heat up. Fanling Sheung Shui District has temporarily recorded about 81 second-hand transactions so far this month, which is about 50% more than the number of transactions in the whole month of last month. Investment is quite brisk. Fanling Qianqingjing temporarily recorded about 12 transactions this month, a sharp increase from the 1 transaction recorded in the previous month. The housing estate recently recorded 8 mid-floor F rooms, with a usable area of ​​428 square feet and a built-up area of ​​587 square feet. , a 2-bedroom apartment. The owner asked for about $5.6 million when it was put on the market. It finally changed hands for $5.128 million, with an average price per square foot of usable area of ​​$11,981.

Zhongyuan’s Cai Jiantao pointed out that the new buyer was a boarder. Seeing that the price of the unit was reasonable, he was afraid that it would be more expensive if he bought it later, so he decided to buy the unit for his own stay. It is understood that the original owner purchased the above address for $3.8 million in 2016 and held it for 8 years. The unit was sold with a profit of approximately $1.328 million and the unit appreciated by approximately 34.9%.

A low-rise 2-bedroom apartment in Tower 1, Mingdu, Sheung Shui was sold for $4.03 million. The original owner made a profit of about $2.95 million.

Chua Tian-chi, branch manager of Centaline Real Estate Fanling Bihu Garden, said that after the withdrawal of spicy food at the end of last month, buyers’ confidence in entering the market has significantly increased, and the transaction of low-priced properties is quite brisk. The famous city of Sheung Shui has temporarily recorded about 2 transactions this month. The latest acquisition of the Garden is Room E, a low-rise building. The unit has a salable area of ​​401 square feet, a built-up area of ​​542 square feet, and two bedrooms. The asking price was about $4.2 million. It finally changed hands for $4.03 million. The average price per square foot of the salable area is $10,050.

Zhongyuan’s Cai Tianci pointed out that the new buyer was an owner. Seeing that the price of the unit was reasonable and the layout was suitable, he decided to buy the unit for his own use. It is understood that the original owner purchased the above address for $1.08 million in 2007 and held it for 17 years. The unit was sold with a profit of approximately $2.95 million and the unit appreciated by approximately 2.7 times.

Further reading: Bihu Garden Sheung Shui Famous City Fanling

Imperial Kennedy low-rise building with podium in Kennedy Town was acquired by the same district customers for $13.33 million

Su Zhenyu, chief joint regional manager of Midland Realty Boutique Park Branch (2), said that the bank has just secured a 536-square-foot connected platform special unit at Imperial Kennedy in Kennedy Town, Western District, Hong Kong Island. The owner loved it and spent $13.33 million to take over it. In 2013, the value of resold properties increased by more than 10%.

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Su Zhenyu said that Imperial Kennedy, located in Kennedy Town in the Western District of Hong Kong Island, is close to the MTR station and has convenient transportation. Therefore, with the withdrawal of hot spots, the housing estate has greater potential. The bank has just promoted the project to feature a low-rise connected with a podium. The unit has a usable area Approximately 536 square feet, with a terrace of approximately 500 square feet. It has been favored by customers in the same area who have been looking for unique houses. The final price is $13.33 million, which is equivalent to a practical price of approximately $24,869 per square foot.

The original owner purchased the property in December 2013 for approximately $12.068 million, so the book profit from the resale was approximately $1.262 million, and the property appreciated by approximately 10.5%.

Further reading: Boutique Garden Kennedy Town

The transaction price of a 3-bedroom unit in Tower A of Xinghe Mingju in Diamond Hill was $9.3 million.

Wong Ka Ming, senior district sales manager of Midland Realty Kowloon Bay Amoy Gardens branch, said that he had just facilitated a transaction for a three-bedroom apartment in Diamond Hill Galaxy Mingju. The family in the same housing estate branch saw that they could save tax after withdrawing the hot house, so they decided to buy more. A unit of 593 sq. ft. was purchased for $9.3 million, equivalent to a usable sq. ft. price of approximately $15,683.

Huang Jiaming pointed out that the above-mentioned transaction unit is Room 05 on the middle floor of Tower A of Galaxy Mingju in Diamond Hill, with a usable area of ​​about 593 square feet and a three-bedroom partition. It is reported that the buyer is a member of a branch family in the same housing estate. The apartment he likes is well spaced, and he is familiar with the area and can easily take care of his family. Therefore, he decided to take over the unit and live in it for $9.3 million, which is equivalent to a practical price of about $15,683 per square foot.

Referring to the transaction data, the original owner purchased the above-mentioned property for $4.738 million in May 2010 and held it for about 14 years. The current resale profit was approximately $4.562 million, or approximately 96.3%.

A 2-bedroom apartment on the lower floor of Block 5 of Olympic Junhui Harbor is rented out for $19,000, with a return of approximately 7.2%

Weng Jiahui, senior co-director of Hong Kong Real Estate Olympic Station No. 1 Silversea Branch, said that the branch has just facilitated a leasing transaction for a two-bedroom apartment in Junhui Harbor. The tenant from the same area rented it for about $19,000, with a usable square foot of 40.

The above-mentioned rented unit is a low-rise Room B in Tower 5, Junhui Port, with a usable area of ​​approximately 474 square feet and a built-up area of ​​approximately 617 square feet. It is a 2-bedroom apartment facing the east. Weng Jiahui pointed out that the owner offered the lease for about 21,000 for one month and then attracted inquiries from customers in the same area. After negotiation, the two parties rented out the property for $19,000. The usable square foot lease was 40 and the built-foot lease was $30.8. It is reported that the new tenant is a single person and his favorite unit is fully furnished, so he decided to rent it after viewing the property once.

Information shows that the owner purchased the above-mentioned unit in May 2006 for approximately $3.174 million, and the owner enjoyed a return of approximately 7.2%.

A mid-floor, 2-bedroom apartment in Block 5, Lai Chi Kok, Lai Chi Kok, was sold for $7.399 million.

Tsang Ka-fai, chief co-director of Hong Kong Real Estate West Kowloon Star Club Branch, said that buyers’ desire to enter the market has greatly increased after the withdrawal of spicy food. The bank has just facilitated the sale and purchase of a two-bedroom unit in Bihailantian. The new buyer paid approximately 7.399 million, with a practical price of approximately 14,917 square feet.

The above-mentioned transaction unit is Room C on the middle floor of Tower 5 of Bihailantian, with a usable area of ​​approximately 496 square feet and a built-up area of ​​approximately 664 square feet. It is a two-bedroom apartment. Tsang Ka Fai said that after the unit was put on the market for $7.8 million for about three months, it attracted inquiries from customers in the area. After the two parties negotiated the price, it was sold for about $7.399 million. The practical price per square foot is about $14,917, and the construction price per square foot is about $11,143. It is reported that the new buyer is a first-time buyer and decides to enter the market after viewing the property once.

Information shows that the original owner purchased the above-mentioned unit in July 2010 for about $3.43 million. The book profit was about $3.969 million when it was resold. The unit appreciated by about 1.2 times during the period.

Further reading: blue sea, blue sky

Further reading:

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2024-03-14 08:35:40
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