Average unit price of 50 major estates down 2.6% m-o-m in August
According to market news, the weighted-average price of 50 major estates recorded HKD 15,107 per sq ft in August, down 2.6% m-o-m (July: HKD 15,517 per sq ft), and it has been the largest monthly drop in five years.
The Center rented at HKD 105 psf
Units 9-13, 78/F, The Center, 99 Queen’s Road Central, Central, with a combined area of 8,762 sq ft, have been rented at HKD 920,000 per month or HKD 105 per sq ft.
Shop at T.mark slashed 82%
Odd No. Shop, 1/F, T.mark, Tai Ho Road, Tsuen Wan, with an area of 80 sq ft, has been transacted at HKD 900,000 or HKD 11,250 per sq ft. The original owner purchased the unit at HKD 4.88 million in 2012, making a book loss of HKD 3.98 million and a 82% depreciation in seven years.
Transaction price of Villa Oceania reached new high
Unit C, High-Floor, Tower 3, Villa Oceania, Ma On Shan, with a saleable area of 1,105 sq ft, has been sold at HKD 19.58 million or HKD 17,719 per sq ft. The transaction price reached the highest of the estate.
(Sources: Vigers Research and market news)