In 1986, the Hong Kong landlord bought a large house with a saleable area of 32 square meters for 330,000 yuan, because he felt that the rent collection was too annoying, and finally sold it for 5 million yuan, holding the goods for about 36 years, with a book profit of 4.67 million yuan, an appreciation of about 14 times!
The fifth wave of the epidemic in Hong Kong continues to worsen, the number of property viewing activities and transactions has decreased significantly, and the owners have seen the market conditions calm and expanded the bargaining space, according to Lam Enxin, manager of Centaline Real Estate Branch, that the current bargaining space of owners in Tsuen Wan District is generally 5% to 10%, and individual owners are asking for sale.
Lynn said that Tsuen Kam Center 2 low-rise F rooms, the saleable area of 354 square feet (about 32 square meters), two rooms apart, the unit owner in December last year, the price of 6 million yuan, seeing the recent intensification of the epidemic, the property market quiet, earlier reduced to 5.6 million yuan, after the recent negotiation, finally sold at 5 million yuan, the price of 14,124 yuan. In other words, the unit was put on the market for about two months, and the total decrease before and after was 1 million yuan or about 17%, and the transaction price hit a new low in one and a half years. The new buyer is the pick-up passenger.
Lynn pointed out that the original owner purchased the above-mentioned units for 330,000 yuan in 1986, holding the goods for about 36 years, and has accumulated considerable increases, and "feels that rent collection is too annoying" and "purely wants to cash out", so he does not mind a sharp price reduction, preferring to stop earning and leave the market as soon as possible. The profit on the book of the original owner was about 4.67 million yuan, and the appreciation during the period was about 14 times. As can be seen from the agent photos, the unit has only basic decoration.
