Hongway Garden - Tower A

8 New Market Street, Sheung Wan, Hong Kong
HKD $ 6.8MSA 380 SF | Studio | 1BA
For Sale (HKD $)
6.8M
Room
0
Bath.
1
Age (yrs)
39
Gross Area (SF)
508
$13,386/SF
Saleable Area (SF)
380
$17,895/SF
Efficiency(%)
75%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window
3 s.f.
Flat Roof
354 s.f.
Agent Information
Elaine Lam
Client Service Officer
Elaine Lam
Request Information

Layout / Parking Space

Bedroom
0
Bathroom
1
Living / Dining Room
Combined
Terrace
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
  • Nicely renovated studio with a spacious private terrace.
  • Bright studio with open kitchen looks especially spacious and airy without partitioning.
  • The sleeping area fused comfortably with the living and dining area in this studio unit.
  • A bed is placed at a cozy corner, with a wardrobe set next to it.
  • Fully fitted open kitchen is equipped with essential appliances and built-in cabinets.
  • Bathroom has been well maintained.
External Area
  • The nicely tiled terrace is another alluring characteristic of this unusual home.
  • The inside living space benefits from the view of the private terrace outside.

Building

High-rise Apartment, Year built 1987 ( Building age 39 )

Mortgage Calculator

Monthly Repayment
$23,830
Minimum Household Income
$47,660
Mortgage Plan
Expenses
Stamp Duty [1]
204,000
Agent Commission [2]
68,000
Sub Total
272,000
Deposit
Initial Deposit (5%) [3]
340,000
S & P Agreement (5%) [3]
340,000
Further Down Payment
1,360,000
Sub Total
2,040,000
Total Cash Outlay
2,312,000

Financing
4,760,000
Total Interest Payable
2,389,000
Total Repayment
7,149,000
Monthly Repayment
23,830

[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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