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Tung Sing House unit in Yuen Long to be auctioned for HK$1.18 million
A bank-repossessed residential unit in Tung Sing House, Yuen Long, is set to be auctioned for HK$1.18 million. According to a spokesperson from Wong Kai Kee Auction House, this starting price is approximately HK$520,000, or 31%, below the bank's valuation of HK$1.7 million.
The property, located on the 4th floor, covers approximately 335 square feet and features a two-bedroom layout. The original owner purchased the unit in 2019 for HK$2.6 million before the property was repossessed following mortgage defaults. The auction is scheduled to take place on Wednesday, the 26th.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The original owner purchased the unit in 2019 for HK$2.6 million. www.stheadline.com
- [● 2 SOURCES] A unit in Tung Sing House, Yuen Long, is being auctioned for HK$1.18 million. www.stheadline.com
- [● 2 SOURCES] The auction for the Tung Sing House unit is scheduled for next Wednesday, the 26th. www.stheadline.com
- [● 2 SOURCES] The Tung Sing House unit measures approximately 335 square feet and has a two-bedroom layout. www.stheadline.com
- [● 2 SOURCES] The property was repossessed due to mortgage defaults. www.stheadline.com
- [● 2 SOURCES] The auction price for the Tung Sing House unit is HK$520,000 lower than the bank valuation. www.stheadline.com
Sources
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[www.stheadline.com]
元朗東昇樓銀主盤118萬開拍 低銀行估價52萬
[www.stheadline.com]
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[www.stheadline.com]