The second-hand atmosphere is weak, and owners are not optimistic about the market outlook, and even accept discounts to sell their properties. A wave of discounts broke out in LOHAS Sunrise, Tseung Kwan O. Among them, a three-bedroom unit in Phase 4 Jinhai II recently changed hands for NT$8.2 million. Compared with the original owner’s purchase price of NT$11.53 million in June 2018, a significant evaporation of NT$3.33 million or nearly 29%.
Ke Yong, senior district sales director of Centaline Real Estate’s Tseung Kwan O Metropolis Branch, said that Room B, a high-rise building in Block 3B of Jin Hai II, has a usable area of about 629 square feet, with three bedrooms and one bathroom. The unit sits due south and has a high-quality open sea view. It changed hands for 8.2 million yuan, with a price of about 13,037 yuan per square foot.
Ke Yong pointed out that the original owner purchased the unit in June 2018 for NT$11.53 million and held it for about 5 and a half years. Now it resold with a substantial loss of NT$3.33 million, and the unit depreciated by nearly 29% during the period.
The cost of a house in Jinhai II fell below the “5-ball mark” for the first time in a housing estate
According to market news, the price of a one-bedroom unit in Jinhai II had been slashed four times in eight months. The final transaction price fell below the “5-goal” mark, and the owner even left the house with a loss. The unit is Room F on the lower floor of Tower 5A, with a usable area of approximately 343 square feet. The original owner put the unit up for sale at the end of March this year for NT$6.5 million, and then sold it three times in succession. By mid-November, the asking price was NT$5.25 million. After final negotiation, the unit was sold for NT$4.95 million, a cumulative decrease of NT$1.55 million or 23.8%. The price per square foot is approximately NT$14,431; this is also the first second-hand transaction in a housing estate whose construction cost has fallen below the NT$5 million mark.
It is reported that the original owner purchased the unit for NT$5.095 million in 2017 and held it for about 6 years. The book loss was about NT$145,000 when it was resold, and the unit depreciated by about 2.8% during the period.
SEA TO SKY Sanfang lost 2.36 million in three years
There are also three-bedroom owners of SEA TO SKY, Phase 8 of LOHAS City, who have been in the market for three years and left with a book loss of NT$2.36 million. Market news indicates that Room B, a high-rise unit in Tower 1, has a usable area of about 735 square feet. It is a three-bedroom suite and faces the southwest with sea views. It is reported that the unit was put up for sale at NT$13 million in September. The price was once lowered to NT$11 million, and finally changed hands for NT$10.8 million, a cumulative decrease of NT$2.2 million or approximately 16.9%. The price per square foot was approximately NT$14,694, which was a market price transaction.
The original owner bought the unit for NT$13.162 million in July 2020 and held it for more than three years. Now it has lost NT$2.362 million when it was resold, and the unit depreciated by 18% during the period.
Lingdu cuts the price “1The ball changes hands 4Year-on-year price drop nearly6%
The market also recorded a loss of sales in LOHAS Park Phase 2 of Sunrise. The unit is a mid-floor LC room in Tower 11, with a usable area of about 1,005 square feet and a four-bedroom partition. It is reported that the unit was originally priced at NT$11.6 million. The asking price was recently lowered to NT$10.6 million in response to market conditions. It was purchased by people who have been viewing the property for more than two years. The unit was finally sold for NT$10.6 million, which is approximately NT$10,547 per square foot.
According to the data, the original owner purchased the unit in October 2019 for NT$11.25 million and held it for about 4 years. It now resold with a book loss of NT$650,000, and the unit depreciated by approximately 5.8% during the period.
2023-12-07 13:15:00
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