{"id":10528,"date":"2020-11-02T02:29:18","date_gmt":"2020-11-02T02:29:18","guid":{"rendered":"http:\/\/vigers.com\/website\/?p=10528"},"modified":"2020-11-02T02:29:18","modified_gmt":"2020-11-02T02:29:18","slug":"news-headlines-2-11-2020","status":"publish","type":"post","link":"https:\/\/vigers.com\/website\/2020\/11\/02\/news-headlines-2-11-2020\/","title":{"rendered":"News Headlines 2.11.2020"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1\/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text][\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” width=”1\/1″ tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Primary market recorded 390 transactions during the weekend<\/strong>
\nAccording to market news, a total of 390 new homes were transacted during the weekend, up 64% on a weekly basis. Among which, 222 units at Starfront Royale in Tuen Mun were sold. It dominated 90% of the units offered in the first batch of sale, cashing in HKD 1.039 billion.<\/p>\n

Ten major estates recorded eight transactions over weekend<\/strong>
\nAccording to market news, eight transactions were recorded in the ten major estates over the weekend, dropped 64% w-o-w, reaching a 13-weekend low. Among which, zero transaction was recorded in six major estates.<\/p>\n

Shop rent at Mong Kok slashed 23%<\/strong>
\nShop 4B, G\/F, 53-55 Dundas Street, Mong Kok, with an area of 156 sq ft, has been rented at HKD 50,000 per month or HKD 321 per sq ft. The new rent is 23% lower than the previous rent, returning to the level in 2009.<\/p>\n

Sky Scraper changed hands at HKD 41.25 m <\/strong>
\nUnit E, mid-floor, Sky Scraper, North Point, with a saleable area of 1,806 sq ft, has been sold at HKD 41.25 million or HKD 22,841 per sq ft. The original owner bought the unit at HKD 10.51 million in 1995, making a book profit of HKD 30.74 million and a 2.9 times appreciation.<\/p>\n

(Sources: Vigers Research and market news)<\/em><\/p>\n

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