A total of 223 people in the letter and 7 boutique residences rented 90%
Sino Suites, a brand new rental residential brand of Sino Group, offers 7 boutique rental residential projects with a total of 223 gangs. The overall rental amount is 90%, and about 80% of the units are rented for more than 90 yuan.
Jiayu, located in Jiezhi Street, Central, is a series of the latest project, which was converted from Tanglou. It is a conservation concept. It provides 5 groups of 1 room special property for a single 5-storey property with a practical area of 382 to 490 square feet. Units 1 to 4 have been rented out, with a monthly rent of 30,000 yuan and a rent of 70 to 80 yuan. The tenants are all foreigners.
Staunton Street upgraded occupancy rate 95%
The developer opened the demonstration unit on the 5th floor yesterday with a usable area of 382 square feet and even 306 square feet of roof. Li Kailing, senior manager of the letter and rental department of Xinhe Group, said that the unit has a monthly furniture rent of 39,500 yuan (excluding water, electricity and cleaning services), and a lease of about 103 yuan. The unit also provides cooking stoves, range hoods and refrigerators. Microwave ovens, washer-dryers, etc., the minimum rental period is 2 years.
In addition, the district’s Staunton Street project is upgraded. The single-family building provides 57 people and 1 house, with a ladder of three people, a practical area of 306 to 399 square feet, and a occupancy rate of about 95%. The project lease period is highly flexible and can be provided from one month to two years to facilitate the need for short-term tenants. The previous monthly unit rent was from 36,000 to 4,280,000 yuan. The monthly rent includes furniture, water, electricity and cleaning services.
Li Kailing pointed out that the seven suites of the Sino Suites series have a total occupancy rate of nearly 90%. The rents range from $60 to $120. Among them, 80% of the flats are rented over $90. More than 500 new tenants were added last year.
The 22 groups provided by Wan Chai Xiao Yu have been fully rented in just two months last year. Many of them are foreigners and professionals, reflecting the high demand for serviced residences.
Mr Leung Tsui-shan, general manager of the marketing and promotion department of the Sino-Israel Group, said that the overall rent increase in Hong Kong last year was about 8% to 10%. It is expected that with the opening of the Guangzhou-Shenzhen-Hong Kong Railway this year, the demand for housing for the younger generation will be increased. After the Chinese New Year holiday, the rental market will become more active.