Property transactions in October dropped 6% m-o-m
According to the Land Registry, a total of 6,177 property transactions were recorded in October, edged down 6% on a monthly basis (September: 6,570 transactions). While the consideration totaled HKD 56.523 billion, increased by 5% m-o-m.
Celestial Heights sold with a loss
A top-floor unit, 32 Celestial Avenue, Celestial Heights, Ho Man Tin, with a saleable area of 1,252 sq ft, together with a rooftop and a swimming pool, has been sold with 25% discount at HKD 30 million or HKD 23,961 per sq ft. The original owner made a book loss of HKD 5.99 million in 12 years.
Shop at North Point changed hands at HKD 18 m
According to market news, odd no. shop, G/F, Block A, Tung Fat Building, 21-27A Kam Ping Street, North Point, with an area of 1,200 sq ft, has been transacted at HKD 18 million or HKD 15,000 per sq ft. The current monthly rent of the shop is HKD 45,000, representing a yield of 3% to the new buyer.
Eight units at Goodview Garden sold at HKD 631 m
Eight units at Goodview Garden, Stubbs Road, Mid-Levels East have been acquired at a total amount of HKD 631 million by a financial group in October. Among which, an even no. unit, Tower A, has been sold with a parking space at HKD 121 million or HKD 66,500 per sq ft.
(Sources: Vigers Research and market news)