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Showing posts with the label difference between net and gross HK property price

Park Island Property Prices, back to record highs!

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Here's where we ended up as we head to the close of 2016.

Prices rocketed up in the latter part of 2016 to hit new highs, primarily on buyers continuing to see the great value Park Island offers.
We are now at an average price of over $11,000 psf net, and over $8,500 psf gross. The attached graph shows gross prices.
What is the difference between gross and net property prices in HK? The "saleable area", or "net area", is the actual size of a home, including balconies. The gross price is the floor area which includes both the saleable area plus a share of the common areas, bay windows and facilities). So, if you are looking purely at a measure of internal space for property in HK, go by the net area (aka saleable area). See here for a more detailed explanation: Gross sqft vs Net sqft SCMP article.
Readers may be interested to see how where we ended in 2016 compared to my predictions and forecasted extrapolations for property prices on Park Island back in 2014 Predi…