They mainly provide small to medium-sized units ranging from open-plan to 2-bedroom apartments
They have attracted many office workers in the Central and Sheung Wan districts to rent. To 70 yuan, the rent of individual transactions per square foot is over 100 yuan, and the rental return is about 3%, which attracts many investors into the market.
Yilifang • No.1, 1 bedroom, rent for 70 yuan
Last year, there were several new listings in Xiyingpan, such as ?? mountain, Kensington Hill, Sheshan and Yilifang. No. 1 and so on, rents are relatively popular, of which Yilifang is located at 8 Zhongzheng Street. On the 1st, the building was officially taken over in November last year. The market recorded about 40 rents. So far, 5 to 6 rental transactions have been recorded. For example, a high-rise K room, with a practical area of 286 square feet, belongs to a one-bedroom apartment. It was recently rented out at a monthly rent of 20,000 yuan, and the rent was about 70 yuan.
Secondly, compared with the star drill near 15 WESTERN STREET, two rental transactions have been recorded recently, of which the high-rise F room, with a saleable area of 392 square feet, belongs to a 1-bedroom apartment and rents 64 yuan. The owner bought it for 8.1 million in 2015 and the rental return was about 3.7%.
The agent in the district pointed out that in recent years, many new units have been launched near Xiyingpan Station
Since many small units sell for less than 10 million yuan, compared with large-scale housing estates on Hong Kong Island such as Taikoo Shing and Greenland, the two-bedroom units are more than 1,000 10,000 yuan, the relatively low cost of investors to enter the market, coupled with stable rental returns, so the proportion of new investors in the same district is generally more than 30%. The second-hand trading in the used area in the same district is quite active, and most investors can profitably leave the market. For example, the high-rise room of Star Diamond has a practical area of 853 square feet. The investor bought it in 2016 for 20.68 million yuan, and the holding was just over 3 It changed hands for 26 million yuan a year, the price per square foot is 30,481 yuan, holding a book profit of 5.32 million yuan for 3 years, the appreciation of 26% during the period.