77 luxury transactions recorded in The Peak & Southern District in 1H
According to market news, a total of 77 second-hand luxury properties were sold in The Peak and Southern District in 1H this year, up two transactions or 2.7% y-o-y. The total consideration reached HKD 7.66 billion, down 33.1% y-o-y (1H 2019: HKD 11.445 billion).
Old building in Central unified ownership at HKD 332 m
Ownership of old building at 16-18 Gage Street, Central was successfully unified by Chuang’s Consortium International Limited at HKD 332 million. The site has an area of 2,772 sq ft, and it is expected to provide 100 units for commercial and residential purposes.
Novum West hit new highs
Unit A, 39/F, Tower 2, Novum West, Sai Ying Pun, with a saleable area of 1,258 sq ft, a143-sq-ft-terrace and a 553-sq-ft-rooftop, has been transacted at HKD 60.384 million or HKD 48,000 per sq ft. The transaction price and unit price hit new high of the estate.
Unit price of Regent Hill reached new high
Unit B, high-floor, Regent Hill, Happy Valley, with a saleable area of 884 sq ft, has been changed hands at HKD 28 million or HKD 31,674 per sq ft. The unit price reached the highest of the building. The original owner purchased the unit at HKD 24.109 million in 2016, making a book profit of HKD 3.891 million and a 16.1% appreciation.
(Sources: Vigers Research and market news)