The marketing manager of the Southwest West Hong Kong Station branch of Li Ka Kee Real Estate, Ling Kin Long, stated that the branch recently facilitated the second-hand transaction of Unit C on a low floor of Block 1, 63 Pokfulam, with a usable area of approximately 269 square feet, featuring a one-bedroom layout with an open kitchen, offering scenic mountain views. The new buyer is a professional from mainland China. The owner originally listed the property for 5.5 million HKD, but after sincere negotiations, the final sale price was reduced to 5.3 million HKD, resulting in a price per usable square foot of approximately 19,703 HKD.
It is reported that the original owner purchased the unit in 2017 for about 7.305 million HKD. After holding the property for 8 years, there is a paper loss of 2.005 million HKD or 27.4%.
The deputy regional sales director of Centaline Property, Lai Pak Cheung, stated that the branch has recently facilitated a transaction at Blue Horizon in Little Sai Wan for a unit, specifically Unit D on a low floor of Block 2, with a usable area of 596 square feet, featuring a three-room layout with views of the sports field and open sea scenery, listed at 8.6 million HKD and on the market for about 6 months. Recently, buyers have been actively negotiating, and after nearly a week of discussions, the owner agreed to lower the price to 7.9 million HKD, a reduction of 0.7 million HKD, resulting in a price per usable square foot of 13,255 HKD. It is understood that the original owner purchased the unit in June 2014 for 7 million HKD, holding it for 10 years, and this sale yields a profit of 0.9 million HKD, with the unit appreciating by 13%.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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