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¡@ | Market Focus |
The overall property market in March was uninspiring, but there were 5 transactions recorded at Tai Wai's Grandville Garden. This was a month with the most secondary trades in that estate ever since its occupancy in last November. Among them individu
Ms. Sammy Cheng, Supervisor of Centaline's Tai Wai Tin Sam Cheun branch, indicated that of the 5 transactions there was only one which recorded a slight profit. The rest all involved loss, and the magnitude of loss was greatest at a low-level D unit w
Ms. Cheng said that owners who purchased from the developer at first hand prices of $6,000 to $7,000 per sq.ft. would at present have to face the situation of sales of great losses. For example recently a high-level unit was offered at $5,300 per sq.f
Among units offered for sale or traded at present, some were purchased from the developer at year end last year through February this year. In general the magnitude of loss also reached 5% to 10%.
Ms. Cheng said that units with mountain views were at present offering between $4,600 to $5,200 per sq.ft., while those with garden views were asking between $4,800 to $5,700 per sq.ft. It was believed that in April, asking prices would have to fall a
Source of information: Apple Daily
03 April 1998