During the epidemic, property prices fell, attracting some property owners to change flats. Recently, a property owner in Tuen Mun was in urgent need of cash to pay for the end of the new building. He sold a one-bedroom unit in Royal Mid-Levels at 3% of the market price, with a slight loss of nearly 290,000 yuan.
Cases of property sales by immigrants continued to appear in the market, but Sanfang Property in North Point presided over the 3-year Additional Stamp Duty (SSD) period and left the market with a tragic loss of 5.73 million yuan.
Liang Leisheng, sales manager of the Midland Realty Branch, said that Room A on the upper floor of Block 1A, Royal Mid-Levels, Tuen Mun has a salable area of 312 square feet and is separated by one room. The buyer is a newly married couple. Seeing the age of the housing estate and having been in the occupancy for more than a year, the owner negotiated a price of 100,000 yuan and bought the unit for 5.9 million yuan. The price per square foot is 18,910 yuan.
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Shi Dazhi, senior divisional sales manager of Centaline Property North Point Park Welsan Branch, middle floor F, Block 1, North Point Park Welsan, with a usable area of 906 square feet, a three-bedroom suite with a worker's suite, and a view of the inner garden and pool. The buyer and seller negotiated the price for nearly a week. The owner immigrated and was willing to change hands for 22 million yuan.
Further reading…
Based on the purchase price of 27.73 million yuan in June 2018, the original owner has held the goods for 3 years. The current book loss is 5.73 million yuan or nearly 21%. If the commission and expenses are included, the actual loss is expected.
You can use this criterion in the drop-down list to the right of the search box. When there is a listing for this condition, we will notify you by means of an on-site reminder
Further reading…
You can use this criterion in the drop-down list to the right of the search box. When there is a listing for this condition, we will notify you by means of an on-site reminder.