Cheerful Court

1-5 Shing Ping Street, Happy Valley, Hong Kong
HKD $ 5MSA 266 SF | Studio | 1BA
For Sale (HKD $)
5M
Room
0
Bath.
1
Age (yrs)
42
Gross Area (SF)
375
$13,333/SF
Saleable Area (SF)
266
$18,797/SF
Efficiency(%)
71%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Flat Roof
67 s.f.
Agent Information
Elaine Lam
Client Service Officer
Elaine Lam
Request Information

Layout / Parking Space

Bedroom
0
Bathroom
1
Living / Dining Room
Combined
Balcony
1
Kitchen
Open

Management / Government Fee

Management Fee
To be confirmed
Government Rate
To be confirmed
Government Rent
To be confirmed

Description

Description
  • It looks out to the other buildings at a comfortable distance.
Internal Condition
  • Nice studio apartment with lots of windows bringing in fresh air and natural light.
  • The sleeping area fused comfortably with the living and dining area in this studio unit.
  • A bed can be placed at a cozy corner, with a wardrobe set next to it.
  • The bed is well-positioned on the window-side for starlight and views.
  • The fitted open kitchen is equipped with all essential appliances and built-in cabinets.
  • Bathroom has been well maintained.
External Area
  • The small balcony off the studio would be a cozy and airy outdoor area for a tea break.

Building

High-rise Apartment, Year built 1984 ( Building age 42 )

Mortgage Calculator

Monthly Repayment
$17,522
Minimum Household Income
$35,044
Mortgage Plan
Expenses
Stamp Duty [1]
112,500
Agent Commission [2]
50,000
Sub Total
162,500
Deposit
Initial Deposit (5%) [3]
250,000
S & P Agreement (5%) [3]
250,000
Further Down Payment
1,000,000
Sub Total
1,500,000
Total Cash Outlay
1,662,500

Financing
3,500,000
Total Interest Payable
1,756,600
Total Repayment
5,256,600
Monthly Repayment
17,522

[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.

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