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Thread: Identify the error - gross error in fact...

  1. #1
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    Default Identify the error - gross error in fact...

    http://www.propertyguru.com.sg/prope...t-record-price

    • August 15, 2017

    Hong Kong, China, Kowloon, Hong Kong Island from Victoria Peak


    The property boom in Hong Kong has spread to public housing, with a 126 sq m housing unit at the Fung Tak Estate in Kowloon district sold for a record price of HK$1.95 million early last month, reported Bloomberg citing Full Mark Property Agency.

    This comes as the rental yield for small public housing units can reach four percent or more. In fact, the average rental yield for such units is 2.8 percent, revealed the Rating and Valuation Department.

    Data from Centaline Property Agency showed that the per square foot (psf) price of HK$15,476 for the Fung Tak Estate unit surpassed that of some private houses within the district – a unit at private development Lions Rise was sold for HK$14,638 psf recently.

    SEE ALSO: Prices of HK resale homes hit record high

    “Small single flats for rent are rare and popular in the area, they usually get rented out within a month after the transactions are done,” said Full Mark Property Agency branch manager Kim Chan.

    Nonetheless, public housing units are not the only properties shattering records in Hong Kong’s gravity-defying market. In May, a carpark in Central fetched HK$3 billion, and a waterfront residential site was sold for HK$2.2 billion in February, while the city’s gauge of home prices hit a record high earlier this month.

    Hong Kong’s public housing flats are a holdover from a programme that used to allow tenants to acquire the units they were renting at subsidized prices. But while the homeowner who had purchased apartments under the discontinued Tenants Purchase Scheme are allowed to resell their units in the open market, they are required to pay a premium to the government.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  2. #2
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    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #3
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    Default

    Quote Originally Posted by Kelonguni View Post
    126 sqm

  4. #4
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    didn't occur to them that 126 can be sq ft hahahahhahahahaha.

  5. #5
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    The funny thing for me was converting HK$1.9 million to SGD. Hey, only 300+k, cheaper than HDB leh.

    Then I realised it's only 126 sqft.

    Maybe people still don't realise how big 126 sqft house is.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  6. #6
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    Quote Originally Posted by Kelonguni View Post
    The funny thing for me was converting HK$1.9 million to SGD. Hey, only 300+k, cheaper than HDB leh.

    Then I realised it's only 126 sqft.

    Maybe people still don't realise how big 126 sqft house is.
    without balcony nonsense and squarish shape is still better than our very own record small 258 sq ft unit which i remembered did not have an efficient/liveable floor plan.

  7. #7
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    https://www.singaporeexpats.com/sing...ypeJ-K-L-M.jpg

    the 24 sq m one had thick bay windows, a bathroom about as big as the master but odd shaped.

  8. #8
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    Default 126 Sqft layout

    A picture speaks a thousand words!
    Attached Images Attached Images
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  9. #9
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    Quote Originally Posted by bargain hunter View Post
    https://www.singaporeexpats.com/sing...ypeJ-K-L-M.jpg

    the 24 sq m one had thick bay windows, a bathroom about as big as the master but odd shaped.
    Which project is this sia?


  10. #10
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    Cool

    is that a trick question, anywhatever?

  11. #11
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    Quote Originally Posted by anythingwhatever View Post
    Which project is this sia?

    Suites@Guillemard

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