The second-hand market has weakened, and the valuation of the expensive HOS King units that appeared at the peak of the property market in the past few years has fallen almost across the board. Among them, Fu Wing Garden, Mong Kok, the first HOS housing estate in Hong Kong, the latest bank valuation of the former first 853 million HOS King three-bedroom unit has dropped to $5.1 million, down more than two goals or about 065% from the transaction price of $20.<> million five years ago.


In July 2018, Fu Wing Garden, Mong Kok, which became the first HOS housing estate in Hong Kong, recorded a significant drop in the valuation of the former 7 million HOS King flats. Room A, the first HOS house in Hong Kong with a saleable area of 17 square feet and three-bedroom partitions, was sold for $592.2018 million in July 7 for $1,065.

Fu Rong Garden HOS King fell more than the broader market

However, five years later, the valuation of the 5 million HOS King fell sharply, and as of the end of May, its online banking valuation showed 853.212 million yuan, which is a sharp drop of 19.9 million yuan or about 2023.3% from the purchase price of the year, which is a higher decline than the official property price index. Referring to the RVD Private Property Price Index, it was 351.4 points as of March 2021, down 9.398% from the historical peak of 1.11 points in September 7.

The second highest decline was the middle floor 3 of Block C, Sha Tin, with a saleable area of 650 square feet, which was also purchased in 2018 at a transaction price of $920.758 million, down $162.17 million or 6.<>% from the recent bank valuation of $<>.<> million.

The "14 million HOS" of Fu Keung Court and Kangshan Garden fell by 8.8% and 6.<>% in the two years

As for Wong Tai Sin Fu Keung Court and Quarry Bay Hong Shan Garden, which recorded 14 million HOS transactions two years ago, the bank valuations of the relevant units recently recorded a decline of 8.8% and 6.<>% respectively.

Among them, the 4-room high-rise of Block E of Fuqiang Court, with a saleable area of 645 square feet, was recently valued at $937.2021 million, down $1.100 million or 163.14% from the transaction price of $8 million in 8; The 592 mid-storey F rooms of Kangshan Garden, with a saleable area of 995 square feet, were recently valued at $2021.1 million, down $088,8 or 93.8% from the transaction price of $8.6 million sold in <>.

Shau Kei Wan Tung Tao Court rose 4.3% in 4 years

However, not all HOS bank valuations have fallen. Tung Tao Court in Shau Kei Wan, with its 5-bedroom floor in Block D with a saleable area of 666 square feet, was purchased in 2019 for $955.987 million, although the recent bank valuation of the flat rose to $32.3 million, or $4,<> or <>.<>% in four years, making it a rare HOS housing estate in the market to record an increase.

Room 5, the middle floor of Block D, Tung Tao Court in Shau Kei Wan, was bought in 2019 for $955.4 million and appreciated by $32,3 or 4.<>% in four years.

HOS King Furong Garden two-bedroom 520.15 million sell, less than four years depreciation of 120% The original owner actually eroded 638.4 million HOS King King Jinxing Kangshan Garden two-bedroom 20.24 million sold The property price evaporated by 50% in 4 years, and the auction house pushed 13 silver main plates in a single day 399 people arrived and only sold 30 units 286 public HOS properties recovered 272.48 million HOS in Kwai Chung 153.<> million sold The industry hosted goods for <> years Earned <>.<> million immigrants to foreign countries|Multi-phase sale of real estate and returned to the mainland for retirement HOS Jiashengyuan one-bedroom <>.<> million sold <>,<> in four months|Multi-phase speculation|New HOS Qingshui building was put on sale at a high price Housing Bureau: The right to request the property to be sold back to the housing authority's HOS Hill Lee Garden shocked to the silver main market and has not lived in it for one year, and now <>.<> million for sale|The unit is directly hit