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The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times

The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands with 4.098 million yuan, holding the goods for 30 years, and the current book appreciation is 16 times, and the book earns 3.858 million yuan!

Dragged down by the epidemic, large housing estates in Hong Kong have experienced low-price transactions.

A large house in the centre of Tsuen Wan, a low-rise residual unit, was negotiated by the passengers until late at night, and finally changed hands for 4.098 million yuan, 17% lower than the bid price two months ago, narrowly defending the four-ball mark.

Zhong Jiahao, assistant regional manager of Midland Property, said that the above transaction was a low-rise F room in Tower 11 of Tsuen Wan Center, with a saleable area of 378 square feet (about 34 square meters) and two rooms.

In December last year, the launch of the sale, the bid price of 4.98 million yuan, recently reduced to 4.098 million yuan to sell, split price of 882,000 or 17.7%, the price of only about 10,841 yuan, this transaction price is the same type of two-bedroom households a year new low price.

He also pointed out that the new buyer was a car passenger, who took the same check to see the building, although the unit decoration was dilapidated, but the price was low, so he negotiated with the owner until late at night, successfully bought, and expected to spend more than 200,000 yuan on the whole house decoration afterwards.

He also said that the original owner was willing to reduce the price sharply in a short period of time, mainly because the unit was bought at a low price in the early years, which has accumulated a considerable increase, and the unit has not been renovated for many years, so it has been greatly reduced.

It is understood that the original owner bought the upper site for 240,000 yuan in 1984, that is, held the goods for 30 years, the current book appreciation was 16 times, and the book earned 3.858 million yuan.

The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times
The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times
The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times
The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times
The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times
The Hong Kong owner bought a large house with a saleable area of 34 square meters for 240,000 yuan in 1984, and recently changed hands for 4.098 million yuan, holding the goods for 30 years, and the current book value has appreciated 16 times

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