Tai Koo Shing rents go below $20,000
Rents at the blue-chip housing
estate Tai Koo Shing in Quarry Bay fell below HK$20,000 for the first time
since 2018, with a 580-sq-ft flat let for HK$19,500 per month, or HK$34 per sq
ft.
And in a secondary sale, a 580-sq-ft
flat at Tai Koo Shing went for HK$10.59 million, or HK$18,258 per sq ft, after
7 percent was cut from the asking price.
This came as the one-month Hong Kong
interbank offered rate, which is linked to the mortgage rate, rose to 2.05155
percent, the highest in nearly two months.
Meanwhile, S&P Global Ratings
believes Hong Kong's residential property transactions will remain sluggish
throughout the first half of the year, after dropping 27 percent year-on-year
during January and February. However, secondary prices have been relatively
resilient despite the global health emergency, it added.
(The Standard)
