Hongway Garden - Tower B

8 New Market Street, Sheung Wan, Hong Kong
HKD $ 7.5MSA 380 SF | Studio | 1BA
For Sale (HKD $)
7.5M
Room
0
Bath.
1
Age (yrs)
39
Gross Area (SF)
508
$14,665/SF
Saleable Area (SF)
380
$19,605/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
$1100.00
Government Rate
To be confirmed
Government Rent
To be confirmed

Description

Description
  • Splendid views of the private terrace throughout the flat.
  • Located near Shun Tak Centre for easy access to public transportation.
Internal Condition
  • Nicely renovated modern studio.
  • The sleeping area fused comfortably with the living and dining area in this studio unit.
  • A built-in bed with queen-size mattress is separated from the living area by bookshelves.
  • Fitted open kitchen includes western style oven and electric hob.
  • Modern fittings in the bathroom.
External Area
  • Private terrace is accessed from the living area and fitted with outdoor furniture.

Building

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

Mortgage Calculator

Monthly Repayment
$26,108
Minimum Household Income
$52,216
Mortgage Plan
Expenses
Stamp Duty [1]
223,500
Agent Commission [2]
74,500
Sub Total
298,000
Deposit
Initial Deposit (5%) [3]
372,500
S & P Agreement (5%) [3]
372,500
Further Down Payment
1,490,000
Sub Total
2,235,000
Total Cash Outlay
2,533,000

Financing
5,215,000
Total Interest Payable
2,617,400
Total Repayment
7,832,400
Monthly Repayment
26,108

[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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