[Epoch Times, December 14, 2021](Epoch Times reporter Huang Jiachuan Hong Kong report) According to data from Centaline Property in November, the price per square foot of Huijing Garden was RMB 15,894, up 1.7% month-on-month, and 8 transactions were recorded. The price per square foot of Laguna City was reported at $14,968, down 1.4% month-on-month, and 22 transactions were recorded. The price of the former was 6.2% higher than that of the latter. The obtained value, hereinafter referred to as “Huili rate”) is 1.062, which was reported at 1.030 in October.
These two housing estates belong to the 48 primary school network and the Kwun Tong district secondary school network. They are both very close to the Lam Tin MTR station. Scenery Garden is located on top of it. The two housing estates are separated by Chelsea Football Stadium, and there is a baseball field nearby, which is a paradise for baseball fans.
Scenery Plaza and Laguna City Shopping Centre both provide basic shopping needs for housing estate residents, while the west side of Laguna City is the waters of Kowloon Bay. Some housing estates can see Manulife Financial Center, separated by a small Laguna Park. .
Based on the comparison of prices per square foot in the past 10 years, Huijing Garden is on average 7.4% higher than Laguna City, which is the Huili rate of 1.074. During this period, the highest value of Huili rate was recorded at 1.228, which appeared in February 2014, and the lowest level of the ratio was 0.965, which was recorded in August 2018.
The volume of transactions can affect the comparison of trends, and once the number of transactions is low, the price per square foot will be easily influenced by factors such as unit area, sitting direction and number of floors.
The developers of Sceneway Garden and Laguna City are both Cheung Kong Holdings. The former has a total of 17 housing estates with a total of 4,110 units, while the latter has a total of 38 buildings with 8,069 units. ◇
Editor in charge: Chen Wenqi
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