First-hand inventory reached 10,852 units in May
According to market news, 10,852 units of new homes were left unsold in May, up 239 units on a monthly basis. Among which, 4,429 units were recorded in the Kowloon district, increased by 381 units m-o-m, dominating around 40% of the overall volume.
47A Stubbs Road reached new highs
Unit B, top-floor, 47A Stubbs Road, Mid-Levels East, with a saleable area of 2,600 sq ft, has been sold with HKD 28 million discount at HKD 110 million or HKD 42,308 per sq ft. The transaction price and unit price reached new high of the estate. The original owner made a book profit of HKD 89.2 million and a 4 times appreciation in 17 years.
Shop at Haiphong Road rented at HKD 159 psf
According to market news, a street shop, G/F, 45 Haiphong Road, Tsim Sha Tsui, with an area of 818 sq ft, has been rented for short-term at HKD 130,000 per month or HKD 159 per sq ft.
Beverly Hill changed hands at HKD 40 m
Unit 01, low-floor, Tower A, Beverly Hill, Happy Valley, with a saleable area of 1,654 sq ft, has been changed hands at HKD 40 million or HKD 24,184 per sq ft. The original owner purchased the unit at HKD 32.4 million in 2013, making a book profit of HKD 7.6 million in seven years.
(Sources: Vigers Research and market news)