The eclipse for small business owners continues!Tsing Yi two-bedroom apartment depreciated by NT$1.8 million in 6 years, Sunrise LOHAS adds another case|Second-hand market situation
After the property market subsided, second-hand transactions accelerated significantly, but small owners still had to sell their units at a loss and leave the market.
Market news indicates that Room F, a low-rise building in Tower 1, Tsing Yee Garden, Tsing Yi, has a usable area of about 343 square feet, with two rooms separated from each other, facing the northeast and facing the inner garden. It was put on the market in October last year at a “loss price” of NT$4.68 million. In the end, it was reduced by NT$830,000, or about 17.7%, and was accepted by local customers for NT$3.85 million. The price per square foot is about NT$11,224. It is reported that the original owner purchased the unit for NT$5.65 million in 2018 and held it for about 6 years. The current resale book loss was NT$1.8 million, and the property depreciated significantly by about 31.9% during the period.
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Ke Yong, senior divisional sales director of Centaline Real Estate’s Tseung Kwan O Metropolis Branch, said that Room D, a high-rise building in Block 1B, Jinhai, Phase 4A, LOHAS Park, Tseung Kwan O, has a usable area of about 471 square feet and a two-bedroom partition. The unit faces the northeast and has views of Kaiyang city and distant mountains. It changed hands for NT$6.498 million, with a price of approximately NT$13,796 per square foot. The original owner purchased the unit for NT$7.46 million in 2017 and held it for about 7 years. It now resold with a book loss of NT$962,000. The property price fell by approximately 12.9% during the period.
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Tang Jinxiong, manager of Jincheng Real Estate Sham Tseng Branch, said that Room B, a high-rise building in Tower 11 of Phase 4 of Sham Tsing Lang Cui Yuan, has a usable area of about 653 square feet. It is divided into three-bedroom suites and enjoys sea views. It was sold for NT$5.79 million, with a price per square foot of about NT$8,867. It is reported that the buyer was originally looking for a unit for his children, but after withdrawing from the business, he decided to enter the market under his own name. It is understood that the original owner purchased the unit for 7 million yuan as early as 1997 and held it for about 27 years. Due to immigration and selling, the current resale book loss was 1.21 million yuan, and the property depreciated by approximately 17.3% during the period.
The original article was published on AM730
2024-03-11 03:02:27
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