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12/29 News Roundup: East Kowloon HOS Flats Set Record Prices, Taikoo Shing & Kingswood Home Deals Rebound

Hong Kong Property | December 29, 2016

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East Kowloon HOS Flats Set Record Prices
The high price sale of Kai Tak residential sites is resulting in pricing up of the district’s second hand homes. Two HOS (House Ownership Scheme) flats in East Kowloon set record prices after the recent Kai Tak land sale. A three-room unit of Tin Wang Court in Wong Tai Sin was sold for HK$5.9 million in free market, setting a record of this 554-square-foot unit in the estate. Meanwhile, a 531-square-foot three-room unit in Lam Tin’s Hong Tin Court was sold at HK$5.85 million, or HK$11,017 per square foot. Both prices set a new record for the estate.

Taikoo Shing & Kingswood Home Deals Rebound
Home deals in Taikoo Shing and Kingswood Villas increased in December in spite of the long Christmas weekend. 19 transactions have been recorded in Taikoo Shing, double the number of deals recorded in November. Meanwhile, 40 deals were done in Tin Shui Wai’s Kingswood Villas, already exceeding the total of 36 transactions in the previous month.

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