The policy stance did not significantly reduce the spiciness. Also, the stock market has dropped over 1,000 points recently and the Hong Kong stock market once dropped below 15,000 points today. In addition, some owners of MONTARA in Tseung Kwan O have been frightened by the turmoil in the stock market. The two-bedroom house in Montara is at an all-time low.
According to Lu Zonglin of Centaline Property, the unit is located in Room F, High-rise, Block 6, Giardino Belvedere Phase 2, with a usable floor area of 572 square feet, with three bedrooms and a bathroom spaced apart. faces south-east and enjoys views of the internal garden and partial sea views. The owner put it on the market for 6.88 million yuan in July of this year. Seeing that the market situation is still unclear, the reduction has continued to increase, with a cumulative decline of 1.35 million yuan. , and the final transaction was 5.53 million yuan. Excluding internal transfers and the incident unit transaction, the transaction price hit a seven-year low this time, returning to the 2015 level, with a usable price per square foot of RMB 9,668.
In principle, the owner bought the unit for 1.78 million yuan in May 2005 and made an accounting profit of 3.75 million yuan after holding the goods for 17 years. The agent specified that the Belvedere Garden transaction price has been falling in the last three months: in September about 6 transactions were recorded, with an average price per square meter of 11,888 yuan, in October about 5 transactions were recorded temporarily , and the average price per square meter dropped below 10,000 yuan, only $ 9,993.
The stock market crash scared fears of a loss of nearly 430,000 yuan in MONTARA’s two-room book
According to Wu Jinji of Centaline Real Estate, the unit is Unit C, skyscraper, Block 2B, MONTARA, Tseung Kwan O, with a usable area of 450 square feet, with two separate rooms, facing east towards the mountains and l ‘building. The original owner put it on the market for 9.1 million yuan in May. The price was lowered six times and eventually sold for 7.63 million yuan, a cumulative decrease of 1.47 million yuan, and the usable square foot price was 16,956 yuan, which was the new price. low for similar units.
The agent pointed out that the original owner was pessimistic about the market outlook and the recent stock market turmoil has decreased by over a thousand points, so he would have preferred to cut the price and leave the market as soon as possible. The original owner bought it for 8,058 million yuan in May 2019 and this time the book lost 428,000 yuan.
There are currently 4 transactions in MONTARA this month and the average transaction price per square meter is 15,954 yuan, which is about 4.9% lower than the average September transaction price of 16,768 yuan per square meter.
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