Primary market recorded 450 transactions during weekend
According to market news, 450 new homes were transacted during the weekend, increased 3.68 times w-o-w. Among which, 391 units at The Pavilia Farm I, Tai Wai Station were sold out at the first batch of sale, cashing in HKD 4.27 billion.
Ten major estates recorded 11 transactions over weekend
According to market news, a total of 11 transactions were recorded in the ten major estates over the weekend, dropped one transaction on a weekly basis. It has been the eleventh consecutive weekends with double digit transaction volume.
Riva sold at HKD 8.28 m
Unit B, high-floor, Tower 8, Ferentino Boulevard, Riva, Yuen Long, with a saleable area of 649 sq ft, has been transacted at HKD 8.28 million or HKD 12,758 per sq ft. The original owner purchased the unit at HKD 6.277 million in 2014, making a book profit of HKD 2.003 million and a 31.9% appreciation.
Imperial Cullinan rented at HKD 34,000 per month
Unit C, high-floor, Tower 3, Imperial Cullinan, Olympic Station, with a saleable area of 898 sq ft, has been rented at HKD 34,000 per month or HKD 37.9 per sq ft. The owner bought the unit at HKD 13.729 million in 2011, earning a rental return of 3%.
(Sources: Vigers Research and market news)