Four rooms in Room A, a high-rise building in Junyuan 1, Ma'anshan, were sold at a loss, with RMB 4.27 million missing from the account in four years!
The property market has subsided but market erosion cases continue. Room A, a high-rise building in Block 1, Ma On Shan, Sai Kung, has four bedrooms and a usable area of about 1,615 square feet. With panoramic sea views in Sai Kung, this house was recently sold for NT$34.33 million, with a price of approximately NT$21,257 per square foot. The original owner purchased the unit for NT$38.6 million in 2020 and held it for about 4 years, resulting in a book loss of NT$4.27 million. The property depreciated by approximately NT$11.1% during the period. It is understood that the original owner offered the unit for sale at a price of NT$42 million but ultimately sold it at a loss.
Junyuan is located at No. 1, Lok Wo Sha Lane, Ma On Shan. It has three blocks and provides 148 units with salable areas ranging from 879 to 2,678 square feet.
