Real estate market
Written by: Li Tong Cai Weinan
2021-01-25 18:12
Last update date: 2021-01-25 18:17
The epidemic is repeated. The fifth building of Laguna City, Lam Tin, one of the blue-chip housing estates in Kowloon, was listed as a compulsory testing building last Thursday (21st). Vertical transmission is suspected again today. A total of 9 people have been diagnosed in this building so far. Residents of Unit E must evacuate.
However, some buyers chose to "seeking wealth through insurance", and took advantage of the spending of about 9.68 million yuan over the past weekend to select 5 middle-level E units to enter the market.
According to Wang Neng, senior branch manager of Centaline Real Estate, the 5 middle-level room E, with a saleable area of 687 square feet, has a diamond-shaped hall and a three-bedroom suite partition. It faces the south and has a view of the inner garden. The initial price was 10 million yuan. It changed hands for 9.68 million yuan, and the price per square foot was 14,090 yuan, which is less than 2% of the low market price.
Wang Neng said that the new buyer was a changer who had already visited the building before it was listed for mandatory testing and signed a contract last weekend (23rd).
He also added that the transaction price this time was at the market price and was not "sold flat" due to the epidemic. He even believed that "the epidemic has become a routine, so don't be too nervous."
The original owner of the unit bought the unit for about 1.6 million yuan in May 1991, and now it has transferred a book profit of 8.08 million yuan, which has appreciated five times in the past 30 years.
According to local agents, there are currently no more than 10 second-hand listings in Tower 5 of Laguna City, with asking prices ranging from 7.9 million to over 10 million yuan. However, due to the epidemic, the building inspection activities have been suspended.
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