Sea view loft unit priced at $6,469 per square foot, lower than the market price 6% owner changed hands twice...
Core transaction analysis: revealing the background of the mysterious investor, market interpretation, expert opinions and subsequent impact. The luxury housing market in Kowloon Station recorded a significant loss in transactions. Room J on the upper floor of Tianxi Star Diamond was recently sold for HK$14.88 million, a book value evaporation of HK$4.06 million compared to the owner's purchase price 12 years ago, triggering market concerns about the rising risks of luxury home investment. Core Transaction Analysis - Property Overview: 530 square feet 2-bedroom unit, a landmark small-medium apartment in Tianxi -...
After three years of dormancy in the Mid-Levels Central luxury residential market, a landmark transaction that shook the real estate industry finally surfaced. The family of famous tenor Warren Mok recently sold a top unit in Bowen Hills at a "discounted price" of HK$47.02 million, which was halved from the transaction price of the same unit three years ago. This dramatic transaction revealed the real estate secrets of the century-old medical family that had been hidden for 27 years. The century-long discount shocked the luxury housing circle...
Core transaction data: Market analysis: Driving factors of the price plunge: In January 2024, a home ownership flat in Hoi Lok Court, Cheung Sha Wan was sold for HK$2.75 million without paying the land premium, setting a new low in the history of the second-hand market in the court. The 390 sq ft unit was sold for an astonishing HK$7,051 per sq ft, a drop of HK$28.61 per sq ft (1.1 million) from the HK$3.85 million paid for a similar low-floor unit earlier in the same month.
The price per square foot is HK$11,319, and the "small spring" is expected to boost purchasing power. Tsuen Wan recorded 27 transactions this month...
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