Although the property market in 2019 is shrouded in uncertain factors, the demand for public cars is still strong, making the transaction volume of unpaid land-funded houses outperform 2018
According to the Housing Authority, although only 71 unpaid land-funded housing transactions were recorded in Hong Kong in December last year, 50 cases (41.3%) less than the 121 cases in November. However, the relevant market still recorded as many as 2,405 transactions throughout the year. Compared with 1836 cases in 2018, an increase of 569 cases (31%), the highest in 3 years after 2842 cases in 2016.
2405 deals in the year, up 31%
Even though the market conditions did not recover in December last year, there were still some HOS flats that broke the market during the period. The middle-floor household in Yutian Court, Shatin, had a saleable area of 548 square feet and was sold at an unpaid land price of 4.63 million yuan. Ye Bolin, senior account manager of Wanfang Real Estate, said that the unit is Room 5, Middle Floor, Yue Yue Court, Block F. The original plan has a three-bedroom plan. In July last year, the asking price was 4.98 million yuan, and the price was reduced by 350,000 yuan (7%). The market price in 1993 was 946,700 yuan, and the book was still earning 368,300 yuan (3.9 times).
Shi Shiwei, manager of Century 21 Property Tseung Kwan O, said that the second floor of the 5th floor of Baozhi Building, Baolin Village, Tseung Kwan O Public Housing, has an area of 381 square feet
The family paid 2.95 million yuan for the unpaid land price, and the price per square foot was 7,743 yuan. It is understood that the new site is equipped with a new net decoration, so the original owner’s asking price was more aggressive. The unit offered a price of 3.88 million yuan in May last year, and finally sold at a substantial price reduction. Based on the 2003 purchase price of 420,300 yuan, the book profit was 2.5297 million yuan. (6 times).
In Tai Wai Public Housing, Hin Keng Village, the second “six-ball” public housing in Hong Kong was born, with 7 rooms on the middle floor of 8 Hin Fu Buildings, with a usable area of 544 square feet. The original plan was converted to 3 bedrooms in open plan. The land premium was 6.18 million yuan, and the price per square foot was 11,360 yuan. The original owner purchased it in 2016 with a supplementary land price of RMB 3.45 million and earned a book value of RMB 2.73 million.