Eclipse
The market decodes the shocking points of transactions and deeply analyzes the special properties that have triggered a selling spree under the cold wave of the real estate market! Market sources indicated that a rare price-cutting transaction was witnessed at Whampoa Garden in Hung Hom, with a unit changing hands at a shocking price of HK$3 million, revealing the tip of the iceberg of the deep adjustment in Hong Kong's property market. Shocking Points of the Transaction • Super low price: Phase 5, Block 7, High Floor, Room A (usable 503 sq. ft./approximately 46.7 m2) two-bedroom • Price per sq. ft.: HK$5,964/sq. ft. (approximately HK$64,200/m2) •...
The effect of the withdrawal of the spicy policy has faded. The property market has entered a period of deep adjustment. Market data perspective: Mainland buyers have become the main force. Kai Tak has become a "Mandarin community". The second-hand market has fallen to a historical low. Policy expectations have become the key to the market. The effect of the withdrawal of the spicy policy has faded...
Transaction details Market comparison analysis Regional property market trends Key factors for depreciation Expert risk warning Buyers' precautions Expert warning Tseung Kwan O's Sunrise Bay, once hailed as the "home buyer's paradise in New Territories East", has once again become a disaster area in the property market. The latest transaction shows that an owner of Jinhai II suffered a loss of more than "two goals", setting a record for the largest book loss in the district this year, reflecting the continued deep adjustment of the second-hand market. Transaction details•...
Hong Kong's low-density luxury housing market continues to be under pressure, with The Peak at Clearwater Bay, Sai Kung recently recording a shocking loss in its latest transaction. Liao Zhenxiong, the Sai Kung sales director of Century 21 Qifeng Property, revealed that the four-bedroom unit in Room A on the middle floor of Block 9 of the housing estate was sold for HK$23.48 million, a drop of nearly 30% from the purchase price seven years ago, making it one of the most eye-catching loss cases in the luxury housing market in recent times. ■ Transaction details▸ Property information: 1,837 square feet of usable space, four-bedroom suite + maid's room▸...
