Tsui Wah Garden Mini Rent Value 10% New Territories on the market to win the urban housing estate
In recent years, the property price of the New Territories has been outstanding, and the rental appreciation has also been marked. According to the rateable value of rents (hereinafter referred to as the rent value) for the 2019/20 (hereinafter referred to as the next year) announced by the Rating and Valuation Department (the “Differential Rating and Immigration Department"), the annual rental value of the various new estates in the New Territories. Significant increase compared to the current year. The rental value of a mini-unit in Tsui Wah Estate in Sha Tin also increased by about 10% in the next year. The rental value of the two-bedroom flats in Kingswood Villas in Tin Shui Wai also increased by about 9% year-on-year. Court rental performance. The analysis pointed out that there are many potential tenants in the new housing estates in the New Territories. The rental value has a large room for growth. The rental performance in the coming year is expected to outperform the large urban housing estates.
The report compares the change in the rental value of the current year and the next year based on the 12 flats or prices of the Hong Kong and Kowloon and the New Territories. It was found that the rental value of up to 11 units recorded an increase year-on-year. About 3% to 10%. Among them, the top five best-selling ones came from the New Territories on boarding estates. In July last year, the highest rise in the 8th floor of Block B of Tsui Wah Garden, which was the second highest price of the second-class boarding car in Sha Tin. Significantly, the next year’s rental value was raised to 94.92 million yuan, a sharp increase of about 10% compared with 86.28 million yuan this year.
Jiahu two-bedroom rent rose 45% in 5 years
It is the 3rd floor of the F-seat of Riverside Garden, the highest record holder of second-hand boarding houses in the same district. Last year, it created a historical high in the area of 22,314 yuan per square. The rent increase of the unit in the next year is not as good as the former. However, it has also increased from 111,800 yuan this year to 117,560 yuan in the next year, up by 6.9% year-on-year.
Secondly, the current high-rise F room of Lihuju, the first of the 1325 yuan high-rise Jiahu Villa, has a practical area of 442 square meters and two-bedroom households. The rental value for the next year is also raised to 100.44 million yuan. Compared with the current period of 92.16 million yuan, it has increased significantly by about 9%.
In fact, the rental gains of the Cheung Wah Estates in the New Territories have clearly outperformed the market in recent years. Jiahu Mountain Villa Lehuju 7 low-rise F room, with a practical area of 449 square feet, two rooms separated, the next year’s rental value adjusted to 79.68 million yuan, up from 7.3 million yuan this year, up about 9% year-on-year, to the unit near The rental value during the five-year calculation period is more arrogant about 45.6%.
With reference to the monthly private rental index published by the Department of Estimation and Revenue, the Class B units (utilised area of 431 to 752 square meters) of the above-mentioned units have an increase in the rental index of about 26.3% over the five-year period, while for the whole private housing, five years. The increase was only about 25.7%, reflecting the surprising increase in rents in the aforementioned Jiahu Villa.
Central Plains: Haoshan Shaan Maanshan
For the urban housing estates, the rental value for the next year also recorded an increase, but the performance clearly underperformed a number of low-priced housing estates in the New Territories. Room 8 on the top floor of Block B, Debao Garden, Kowloon Bay, with a saleable area of 254 square feet and 1 bedroom unit. In July last year, the high price of the second-hand market in the whole district was changed to 21,378 yuan, but the rent of the unit for the next year was only 112.92 million yuan. Compared with the current year’s $10,656,000, it only rose by about 6%, which is significantly lower than the above mentioned New Territories fine-priced housing estates mentioned above.
Looking into the 6th floor of the lower floor of Block G of Telford Garden in the same district, the practical area is 538 square meters and two-bedroom households. The rental value is only increased by 5.1% from 153.96 million in the current year to 161.76 million in the next year. The rental value increase was about 22.8%, which was also much lower than the rental increase of the Jiahu Villa and the overall market.
In addition, Room A of the 6th floor of Yuqingxuan, Cheung Sha Wan, with a saleable area of 554 square meters, was sold at a price of 23,646 yuan per square in March last year, creating the highest price record of the Cheung Sha Wan Four Xiao Long Estates, but the next annual rental value 23.976 million yuan, only about 5% higher than the current year’s 228,360 yuan.
Mr. Chen Yongjie, Vice Chairman and Head of the Residential Department of the Central Asia Real Estate, said that the rental base in the New Territories is lower than that in the urban housing estates and there are more potential tenants. The increase in the rental rate of the new carparks in the New Territories will continue to outperform the major housing estates in the urban areas. In particular, the estates along Sha Tin and Ma On Shan which are covered by the railway line will be favoured. On the contrary, the super-luxury estates will depend on the economic and market demand.