Research Institute
Written by: Ling Suyan
2021-01-17 14:30
Last update date: 2021-01-17 14:30
On the Liandeng discussion area, some netizens published an article on the topic "The real relationship between the two old people in the house and the enterprise will affect the offspring" to discuss the impact of parents' early property sales on the next generation.
Some netizens mentioned in response that the family members of their schoolmates sold the Taikoo Shing unit for a small profit in 2011 and did not re-purchase their property. They were forced to rent a flat for many years.
How much has this family "lost" in the past 10 years?
With reference to Centaline Properties’ average price per square foot trend in Taikoo Shing, the property price in Taikoo Shing has risen from $9,904 per square foot in January 2011 to $21,302 per square foot in June 2018. The difference between the two is $11,398, which is 1.15 times.
After that, the property price in Taikoo Shing fell to RMB 18,814 per square foot in December 2020, but the price per square foot was still 90% higher than that in January 2011.
Based on this calculation, the family mentioned by netizens is likely to miss the 90% appreciation of the unit, which is almost equal to the price of a floor.
However, the price of a unit depends on the orientation, area, floor and other factors, and cannot be generalized. It is necessary to refer to actual transaction cases to have a more specific statement.
Although the area of the unit in the case is not known, referring to the transaction prices of 4 small and medium-sized units with a saleable area ranging from 489 sq. ft. to 582 sq. ft. in the same building, the property prices of 4 units have risen from 3.85 million to 5.2 million yuan in 10 years, an increase of 62.6%. To 1.2 times!
In addition, assuming that the family has rented a small flat in Taikoo Shing after selling the building, it is estimated that the monthly rent of the small flat is 20,000 yuan, and the 10-year rental expenditure may be as much as 2.4 million yuan. Together with the missed building appreciation amount, it is estimated that there may be a "loss" of 600 The amount ranges from 10,000 to 7 million, which is enough to buy new homes in other areas.
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01 Central Plains Property Market Statistics in Taikoo Shing
