2023-12-24 12:00:00
Low-density luxury homes frequently suffer losses!Saigon Aolong three-bedroom apartment has experienced a huge depreciation of RMB 3.7 million in five years | Second-hand loss
The situation of second-hand housing losses continues, and the low-density housing estate in Sai Kung, Ao Tak, known as the “star housing estate”, has another case of property losses. Century 21 Kai Fung Property Sai Kung District Sales Director Liu Zhenxiong said that Room C, a high-rise building in Tower 7, Clear Water Bay, Sai Kung, has a usable area of about 1,146 square feet. It is a three-bedroom suite with two living rooms and a separate worker’s room. It has an inner garden view and was sold for NT$15.7 million. Out, the price per square foot is about NT$13,700.
Liao Zhenxiong pointed out that the original owner purchased the unit in May 2018 for 19.4 million yuan and held it for more than 5 years. The current sale account incurred a substantial loss of 3.7 million yuan, and the unit depreciated by approximately 19.1% during the period.
Low-density luxury homes frequently suffer losses!Saigon Aolong three-bedroom apartment has experienced a huge depreciation of RMB 3.7 million in five years | Second-hand loss
There have been many cases of broken hands in Aolong in recent months. Among them, Room C on the middle floor of Tower 2 has a usable area of about 1,146 square feet. It has three bedrooms and two living rooms and is connected to a worker’s room. It looks out and has a garden view. It was sold for NT$15.38 million in October this year. The price per square foot is approximately NT$13,421. The original owner purchased the unit in May 2018 for NT$18.58 million. He has also held it for more than 5 years and sold it so far. The book value has evaporated by NT$3.2 million, and the price of the unit has dropped by approximately 17.2% during the period.
Take a look at the Sai Kung Ao Long listing (House730)
The original article was published on AM730
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