Asset Management Consultancy

Asset Management Consultancy We are a team of Certified Real Estate Consultants, with more than decades of expertise in real estat

Among condos that hit a new a new psf-price high from Nov 7 to Nov 14, The Beaumont topped the list after it achieved a ...
13/12/2023

Among condos that hit a new a new psf-price high from Nov 7 to Nov 14, The Beaumont topped the list after it achieved a record psf-price of $2,441. This follows the resale transaction of a 1,475 sq ft, two-bedroom unit on the fifth floor for $3.6 million on Nov 9.

This is the first time a unit at The Beaumont has changed hands at a price exceeding $2,400 psf. Prior to the sale, the previous psf-price record at the development was held by a 990 sq ft unit that fetched $2.3 million ($2,323 psf) in August 2007. The unit sold on Nov 9 also marks the first resale transaction at the development since September 2018 when a 1,475 sq ft unit was sold for $2.88 million ($1,953 psf).

The new psf-price high at The Beaumont follows the sale of a 1,475 sq ft unit for $3.6 million on Nov 9.

The sale of a four-bedroom apartment at The Sovereign was the most profitable condo resale transaction recorded during t...
13/12/2023

The sale of a four-bedroom apartment at The Sovereign was the most profitable condo resale transaction recorded during the week of Nov 21 to 28. The 2,637 sq ft unit on the sixth floor was sold for $6.5 million ($2,465 psf) on Nov 23. It was purchased by the seller in October 2010 for $3.5 million ($1,327 psf). This means that the seller made a gross profit of $3 million or 86% upon selling the unit, which they had owned for slightly over 13 years.

This is the fourth most profitable resale transaction recorded at the condo, based on caveats lodged. The development saw its most profitable sale in March 2012 when a 3,305 sq ft two-bedder changed hands for $7 million ($2,118 psf). The seller, who had purchased the unit for $3.14 million ($950 psf) in August 2004, made a profit of $3.86 million.

A 2,637 sq ft unit at The Sovereign was sold for $6.5 million ($2,465 psf) on Nov 23.

Among condos that hit a new psf-price high over the period of Nov 14 to 26, Leedon Residence topped the list with the sa...
13/12/2023

Among condos that hit a new psf-price high over the period of Nov 14 to 26, Leedon Residence topped the list with the sale of a 2,131 sq ft, three-bedroom apartment on Nov 17. The sale price is $6.2 million, which works out to $2,909 psf. Based on caveats lodged, the eighth-floor unit was purchased by the seller from the developer in October 2012 for $5.25 million ($2,463 psf), which means they netted a gross profit of about $952,000 on the latest transaction.

This marks the first time a unit at Leedon Residence has changed hands for over $2,900 psf. The previous psfprice high at the development was $2,776 psf, from the resale of a unit on Feb 14. The 2,648 sq ft apartment fetched $7.35 million.

The new high at Leedon Residence was achieved with the sale of a 2,131 sq ft apartment for $6.2 million on Nov 17.

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