Primary market recorded 475 transactions during the long weekend
According to market news, a total of 475 new homes were transacted during the three-day long weekend. Among which, 378 units at The Pavilia Farm I, Tai Wai Station were sold out at the second batch of sale.
Ten major estates recorded 25 transactions over the long weekend
The market sentiment has improved, according to market news, a total of 25 transactions were recorded in the ten major estates over the long weekend. Among which, City One Shatin, Caribbean Coast and Kingswood Villas recorded four transactions each. During the weekend, 22 transactions were recorded, up 100% w-o-w, hit a 24-week high.
Shop at Fanling transacted at HKD 21 m
According to market news, street shop, G/F, 29 Luen Cheong Street, Fanling, with an area of 1,000 sq ft, has been transacted at HKD 21 million or HKD 21,000 per sq ft. The current monthly rent of the shop was HKD 48,000, representing a yield of 2.7% to the new buyer. The original owner made a book profit of HKD 20.85 million and a 139 times appreciation in 42 years.
Ontolo sold at HKD 19,511 psf
Unit B, mid-floor, Tower 9B, Ontolo, Pak Shek Kok, Tai Po, with a saleable area of 393 sq ft, has been sold at HKD 7.668 million or HKD 19,511 per sq ft.
(Sources: Vigers Research and market news)