The financial tsunami has entered the market. The owners of two houses in Nanfeng New Village are selling for nearly “2 yuan” today. Is the price low in several years? ｜Second-hand property transaction
Second-hand property prices continue to fall, and some property owners who have entered the market earlier have decided to cut their profits and leave the market. In Nan Fung Sun Estate, Quarry Bay, adjacent to the MTR Tai Koo Station, there are two-bedroom owners who entered the market during the financial tsunami in 2008. They sold their properties at a price of nearly NT$2 million to stop making profits. The agent pointed out that the transaction price was the highest in the housing estate for at least 3 years. New low.
Yuan Guangda, deputy regional sales director of Kornhill and Quarry Bay Districts of Centaline Properties, said that Room G, a high-rise building in Tower 4, Nan Fung New Village, has a usable area of about 391 square feet and is separated by two rooms. It was put on the market for NT$6.5 million in July this year, and finally changed hands for NT$4.55 million, a cumulative decrease of NT$1.95 million or 30%. The cost was the lowest for housing estates in at least three years, with the price per square foot being approximately NT$11,637. It is understood that the new buyer is a user.
The original owner purchased the unit during the financial tsunami in 2008 for about NT$1.848 million and held it for about 15 years. Even with the current sharp price reduction, the book still made a profit of NT$2.702 million, and the unit appreciated nearly 1.5 times during the period.
7 lower floors than the same buildingThe purchase price was 8% lower than the year before
Information shows that Room G on the same low-rise floor has the same usable area of 391 square feet and is separated by two rooms. It was sold for NT$4.97 million in 2016, which means that the cost of the latest unit sold is NT$420,000 or about NT$420,000 less than the similar unit on the lower floor 7 years ago. 8.5%. As for the last transaction of a two-bedroom unit in Nan Fung Sun Village, it dates back to August this year. Room C, a very low-rise building in Tower 2, with a usable area of 391 square feet, was sold for NT$5.23 million, with a price of about NT$13,376 per square foot.
Nan Fung New Estate is located at Nos. 15 to 27 Greeley Place, Quarry Bay. The occupation date was August 1977. It has 12 blocks and provides 2,826 units. The unit’s salable area ranges from 391 to 570 square feet.
Check out Quarry Bay Nan Fung Sun Estate for sale now (House730)
The original article was published on AM730
2023-11-15 03:35:16
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