Real Estate Transactions Update: Recent Sales and Rentals in Centaline Real Estate Branches

A 3-bedroom apartment on the middle floor of Block I of Regal Garden in Sha Tin changed hands for $5.96 million after price negotiation.

Hou Huiliang, the sales manager of Centaline Real Estate’s Shatin City One division, said that the property market has completely subsided, and many buyers have accelerated their entry into the market. Shatin Regal Garden has just recorded its first transaction this month, and the latest housing estate has recorded the middle floor D of Emperor Court (Block I). The unit has a built-up area of 808 square feet, a usable area of 560 square feet, and three bedrooms. The asking price was about $6.5 million. After negotiation, it changed hands for $5.96 million. The average practical price per square foot was $10,643, a cumulative reduction of $540,000.

It is understood that the new buyer is a flat changer. Seeing that the units are shared, he purchased the unit for his own use. The original owner purchased the unit in March 1988 for $640,000 and held it for about 36 years. The unit was sold with a book profit of about $5.32 million and the unit appreciated by about 8.3 times.

The very high-rise 2-bedroom apartment in Tower 2, Grandview Bay, Sai Wan Ho, is available for rent in the same area at $26,000 per month.

She Jinhua, senior regional manager of Midland Realty’s Upper East Grand Bay Branch (2), said that the bank has just facilitated the transaction of a high-quality high-rise rental project of 467 sq. ft. in Grand Bay. The tenant in the same area has taken over the rent for $26,000 per month. The rent will be in 2021. The return is approximately 2.3%.

She Jinhua said that the just-rented unit in Grandview Bay is Room C of Tower 2, a very high-rise building, with a usable area of 467 feet and a built-up area of about 641 feet. It is a two-bedroom unit. Since the unit is located in a very high-rise building, its quality is good and the rent is The standard is reasonable, so it was favored by customers in the same area. After negotiation, the monthly rent was $26,000, which is equivalent to a practical square foot lease of $55.7 and a building square foot lease of $40.6.

The owner purchased the above unit for approximately $13.3 million in September 2021. If calculated based on the current rental level, the rental return rate is approximately 2.3%.

A mid-rise 2-bedroom apartment in Block H, Xingang City, Ma’anshan, was sold for $5.6 million, with a profit of about 42.9%

Hu Yaozu, senior regional sales manager of Centaline Real Estate Ma’anshan Yinghai Yufeng Branch, said that the overall trading atmosphere has increased sharply after the withdrawal of spicy food, and buyers who had previously been on the sidelines have accelerated their entry into the market. Ma’anshan District has temporarily recorded about 26 second-hand transactions so far this month, and is catching up quickly. Last month, there were about 41 transactions recorded in the whole month. Sunshine City accounted for about 3 transactions. The housing estate recently recorded Room 03, middle floor, Block H, with a usable area of 338 square feet, a built-up area of 464 square feet, 2 bedrooms, and an asking price of about $5.8 million. After recent price negotiation, it changed hands for $5.6 million, with an average practical price of $16,568 per square foot.

Hu Yaozu of Zhongyuan pointed out that the new buyers were first-time buyers. Seeing that the housing estates were fully equipped and the units were well spaced, they were afraid that it would be more expensive if they bought later, so they seized the opportunity to buy units for their own use. It is understood that the original owner purchased the unit for $3.92 million in 2014 and held it for 10 years. He left the house with a book profit of approximately $1.68 million, a profit margin of approximately 42.9%.

Further reading: Newport City Yufeng Ma’anshan

A very high-rise 2-bedroom apartment in Block 6 of Jun Ying Phase 1 in Tseung Kwan O. Purchased for $6.3 million for self-occupation

Lin Jianwei, senior regional sales manager of Midland Realty’s Tseung Kwan O Sun City Phase 2 Branch, said that the number of property inspections in the area has continued to be active recently and the trading performance has been good. The bank has just facilitated the purchase and sale of a 499-square-foot unit in Chun Ying, Tseung Kwan O. The owner put it on the market for about a month and was contacted by a buyer. The unit finally changed hands for $6.3 million, with a usable price of about $12,625 per square foot.

Lam Jianwei pointed out that the above-mentioned transaction unit is Room B, a very high-rise building in Block 6, Junying Phase 1, Tseung Kwan O. It has a 2-bedroom partition and faces the southeast, with a usable area of about 499 feet. It is reported that the buyer is from the area. The trading atmosphere in the area has improved recently, and users have seen that the owner is willing to reduce the price. Moreover, the unit is beautifully decorated. After a round of negotiation, the owner is willing to reduce the asking price of the property from $6.6 million. to $6.3 million, and finally decided to purchase the unit to live in, which is equivalent to a practical price of about $12,625 per square foot.

Information shows that the original owner purchased the above-mentioned unit in August 2012 for about 4.318 million and held it for about 12 years. The book profit from the transfer reached $1.982 million, an appreciation of about 46%.

Further reading: new capital city Tseung Kwan O

A mid-rise 4-bedroom apartment changer in Tower 6, Lingdu, Lohas City, Sunrise spent $9.5 million to take over the “Silver Master Project”

Liu Shihua, senior district sales manager of Midland Realty Tseung Kwan O Loh Shing Branch (3), has accelerated the pace of home buyers in the area entering the market after the withdrawal. The bank has just facilitated a transaction for a 4-bedroom unit in LOHAS Park in Sunrise. Seeing that the price was in line with the budget, the buyer purchased the “Silver Master Unit” for 9.5 million to live in, which is equivalent to a practical price of about $9,625 per square foot.

Liu Shihua pointed out that the above-mentioned transaction unit is a mid-floor LA room in Tower 6, Lingdu, Lhasa, Sunrise, with a usable area of approximately 987 square feet and a 4-bedroom partition. It is reported that the unit is a “silver master unit” with an original asking price of $11 million. It has been on the market for about one year. After it was withdrawn, it received inquiries from property buyers in the area. The buyer liked that the unit was well spaced and reasonably priced. He decided to take over the unit and live in it while it was hot enough to reduce the cost of home ownership. After negotiation, the unit finally changed hands for $9.5 million, equivalent to a practical price of approximately $9,625 per square foot.

Referring to the transaction data, the original owner purchased the above-mentioned property for $7.47 million in December 2009 and held it for about 15 years. The current resale profit was approximately $2.03 million, or approximately 27.2%.

Further reading: Lohs City Sunrise Tseung Kwan O

A mid-rise, 2-bedroom apartment in Block 1 of Po Lam Yi Xin Yuan was sold at market price for $5.34 million.

Tong Wing-wa, senior co-director of Hong Kong Real Estate’s Tseung Kwan O Sun City Phase I branch, said that the property market has been booming since the end of the epidemic. Yixinyuan has temporarily recorded two sales transactions this month, including the bank’s recent transaction of two units in this housing estate. The transaction was completed. A customer from outside the area entered the market for about $5.34 million. The practical price per square foot was about $10,616, which was the market price.

The above-mentioned unit sold is Room F on the middle floor of Tower 1 of Yixinyuan, with a usable area of about 503 square feet and a built-up area of about 646 square feet. It is a 2-bedroom apartment with inner garden view to the southeast. Tang Ronghua said that the unit was put on the market for $5.6 million and was contacted by customers from outside the area in just two days. After negotiation, the price was reduced by about $5.34 million and the price was approximately $10,616 per square foot and the built-up price per square foot was approximately $8,266. It is understood that the new buyer is the first home buyer. The housing estate he likes is a large housing estate with complete facilities and a quiet environment. After viewing the property once, he made a decision to move in.

Information shows that the original owner purchased the above-mentioned unit for about $4.55 million in February 2015, and left the house with a book profit of about $790,000 during the resale.

Further reading: new capital city Yixinyuan Tseung Kwan O

Olympic Langcheng Bay Tower 3 mid-floor 2-bedroom outdoor area rented for $21,000 and the owner enjoys a return of about 5%

Zhou Baida, the sales manager of the Royal Park Bay Branch of Hong Kong Real Estate Olympic Station, said that the Hong Kong property market is booming, driving the rental market. The bank has just facilitated a lease transaction for a two-bedroom apartment in Long Cheng Bay. The new tenant paid $21,000 for the lease after viewing the property. The usable square foot lease was $38.2, which was a market price transaction.

The above-mentioned rental unit is Room F on the middle floor of Tower 3, Langcheng Bay, with a usable area of about 550 square feet and a built-up area of about 744 square feet. It has a 2-bedroom partition and faces the sea view to the west. Zhou Baida said that one week after the owner offered the lease for 23,000, it attracted inquiries from customers from outside the area. After negotiation, the two parties settled the deal for $21,000. The usable square foot lease was $38.2 and the built-foot lease was $28.2. It is reported that the tenants are a couple and their favorite unit has a sea view, so they decided to rent it after viewing the property once.

Information shows that the original owner purchased the above-mentioned unit for approximately $5.013 million in December 2007, and the owner enjoyed a return of approximately 5%.

Further reading: Imperial Bay olympic games

The owner of a mid-rise 3-bedroom apartment in Tower 6 of Olympic Victoria Harbor sold it for $10.6 million without any negotiation.

Lam Pei-ling, chief co-director of the Victoria Harbor Branch of Hong Kong Real Estate Olympic Station, said that after the budget was announced to completely remove the stimulus, residential property transactions have skyrocketed. Recently, housing estate inspection activities in the area have been active, and many users are interested in housing estates with complete facilities. Enter the market actively. The bank recently facilitated a transaction for a three-bedroom unit in Victoria Harbor. After the financial plan announced that the property market was completely easing, the owner’s attitude immediately changed. There was no negotiation on the price. The new buyer paid $10.6 million to enter the market, and the practical price per square foot was about $17,785.

The above-mentioned unit sold is a mid-floor room H in Tower 6, Victoria Harbourfront, with a usable area of about 596 square feet and a built-up area of about 816 square feet. It is a three-bedroom apartment with an open view to the east. Lin Peiling pointed out that the owner put the listing for about $10.6 million. After the financial plan announced that the property market was completely withdrawn, the owner’s attitude immediately changed and there was no room for negotiation. After viewing the property, customers in the area entered the market for $10.6 million. The practical price per square foot was about $17,785, and the construction price per square foot was about $17,785. $12,990.

Information shows that the owner purchased the above-mentioned unit for approximately $4.638 million in May 2009. He made a profit of approximately $5.962 million when it was resold, and the unit appreciated by approximately 1.3 times.

The transaction price of a mid-floor, 3-bedroom apartment in Block 7, Fanling Qianqingjian, was $6.39 million, an appreciation of approximately 37.1%.

Chua Tin-chi, manager of Centaline Real Estate Fanling Bihu Garden Branch, said that the property market has eased, buyers’ confidence in entering the market has been greatly improved, and the overall transaction volume has been brisk. Fanling Sheung Shui District recorded 38 second-hand transactions in the first seven days of March. Qingjian temporarily recorded about 7 transactions this month. The housing estate recently recorded 7 mid-floor F rooms, with a construction area of 788 square feet, a usable area of 578 square feet, and three rooms. The owner offered a price of about $6.7 million when listing, and finally changed hands for $6.39 million. , the average price per square foot of usable area is $11,055.

Zhongyuan’s Cai Tianci pointed out that the new buyer was a property changer. Seeing that the price of the unit was reasonable and feeling that the property price had dropped from its high level, he decided to buy the unit for his own stay. It is understood that the original owner purchased the above address for $4.66 million in 2013 and held it for 11 years. The unit was sold with a profit of approximately $1.73 million and the unit appreciated by approximately 37.1%.

Further reading: Bihu Garden Haruharuma Fanling Sheung Shui

Mainland professionals rented a mid-floor 1-bedroom apartment in Block 7B, Landor, Pak Shek Kok, Tai Po for $16,000

Xu Jialun, deputy district sales manager of the second branch of Centaline Real Estate New Territories East Luxury Pak Shek Kok Branch, said that mainland professionals continue to become a new force in the property market. Landor Pak Shek Kok, Tai Po’s latest acquisition is Room A on the middle floor of Block 7B. The unit has a usable area of 392 square feet and a one-bedroom partition. , the asking price was about $16.500, and after negotiation, it was rented out at $16.000, with an average rent of $40.8 per square foot.

Xu Jialun of Zhongyuan said that the new tenant is a mainland professional who works in Pak Shek Kok. Seeing that the environment of the housing estate is comfortable and the rent is reasonable, he decided to rent the unit for his own use. It is understood that the owner purchased the unit for approximately $5.8 million in 2019 and can enjoy a rental return of approximately 3.3% when renting out the unit.