Shouson Peak Luxury Homes in Hong Kong Sell at Discounted Prices
Viewpoint News: August 13, market news shows that luxury homes in Shouson Peak, Hong Kong, have experienced two consecutive off-market sales events.
Two independent units recently simultaneously cancelled transactions and were immediately resold at discounted prices, with one unit sold for approximately HKD1.26 billion and the other for HKD1.17 billion, both significantly lower than their internal transfer prices four years ago.
According to transaction records, the units are located at Shouson Peak, 17L and 17Q, Village Road. The 17L unit has a usable area of 2953 square feet and was sold for approximately HKD1.26 billion after being off-market, translating to a price per foot of HKD42,680.
As for the 17Q unit, it has a usable area of 2723 square feet and was resold at a transaction price of approximately HKD1.17 billion, translating to a price per foot of HKD42,967.
Both units' latest transaction prices are significantly lower than their internal transfer prices four years ago, with a total discount of approximately HKD1.78 billion. Additionally, the 17Q unit set a new record low for the project's sale price.
Disclaimer: The content and data in this article are compiled by Viewpoint based on publicly available information and do not constitute investment advice. Please verify before use.