Home » Business » Monterey, Tseung Kwan O: Three-Bedroom Apartment with Sea Views Sold for NT$19.68 Million – Property Market Measures and Owner’s Loss Revealed

Monterey, Tseung Kwan O: Three-Bedroom Apartment with Sea Views Sold for NT$19.68 Million – Property Market Measures and Owner’s Loss Revealed

The policy address announced measures to reduce the intensity of the property market and stimulate second-hand transactions. A three-bedroom apartment with sea views in Monterey, Tseung Kwan O, was recently sold for NT$19.68 million, with a transaction price of NT$21,139 per square foot. The owner has been selling goods for 4 years and left with a book loss of 3.528 million yuan.

Luo Dingkang, sales manager of Midland Realty Branch, said that the unit is Room A on the low floor of Monterey Tower 1, with a usable area of ​​931 square feet. It is a three-bedroom suite with a storage room and a worker’s suite, and enjoys open sea views. The unit was put on the market in June with an asking price of NT$22.22 million, and buyers came to inspect the unit on the day the policy address was announced. After the two parties negotiated for about five days, the owner finally softened his attitude and accepted the negotiated price for NT$19.68 million, a cumulative reduction of NT$2.54 million or 11%, equivalent to a price of NT$21,139 per square foot.

Bought with FULL PAY four years ago

It is reported that the original owner FULL PAY has been renting out the unit since he bought it, and now he wants to cash out and has decided to put the unit up for sale. The original owner purchased the unit for NT$23.208 million in March 2019 and held it for more than 4 years, with a loss of NT$3.528 million and a depreciation of more than 15% during the period.

↓↓Unit A, Lower Floor, Tower 1, Monterey↓↓

2023-10-30 07:52:51
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