13th January 2025 – (Hong Kong) Laguna City in Cha Kwo Ling saw its first transaction of the year go into the red, with rooftop units in the estate depreciating by nearly 20% in less than four and a half years.
Reports from the market indicate that a top-floor unit in one of the 14 buildings within the estate, measuring approximately 687 square feet with a three-bedroom layout, recently sold for around HK$8.05 million, at a price per square foot of approximately HK$11,718. The previous owner reportedly entered the market in September 2020 with an approximate purchase price of HK$9.88 million, resulting in a paper loss of about HK$1.83 million upon resale, representing a depreciation of approximately 18.5%.
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