The Merton - Block 01

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 16.5MSA 651 SF | 3BD | 2BA
For Sale (HKD $)
16.5M
Room
3 (1-Ensuite)
Bath.
2
Age (yrs)
21
Gross Area (SF)
887
$18,602/SF
Saleable Area (SF)
651
$25,346/SF
Efficiency(%)
73%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window
27 s.f.
Agent Information
Elaine Lam
Client Service Officer
Elaine Lam
Request Information

Layout / Parking Space

Bedroom
3 (1-Ensuite)
Bathroom
2
Living / Dining Room
Combined
Balcony
1

Management / Government Fee

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

Description

Description
  • Open views of the neighbourhood and have some sea view.
Internal Condition
  • Bright living room has full height doors opening to the balcony.
  • Efficient layout of the living and dining room allows for an optimal arrangement of furniture.
  • Bedrooms are in rectangular shape with large bay windows for sitting and reading.
  • Master bedroom can accommodate a wardrobe with a queen-size bed.
  • Second and third bedroom can fit a single bed with other furniture.
  • Fully fitted kitchen is equipped with essential appliances.
  • Bathroom has quality sanitary ware and is in good condition.
External Area
  • Balcony off the living and dining room has space to put a tea table and chair.

Building

High-rise Apartment, Year built 2005 ( Building age 21 )

Communal Facilities
  • Swimming Pool
Clubhouse Facilities
  • Gym
  • Swimming Pool

Mortgage Calculator

Monthly Repayment
$57,823
Minimum Household Income
$115,646
Mortgage Plan
Expenses
Stamp Duty [1]
618,750
Agent Commission [2]
165,000
Sub Total
783,750
Deposit
Initial Deposit (5%) [3]
825,000
S & P Agreement (5%) [3]
825,000
Further Down Payment
3,300,000
Sub Total
4,950,000
Total Cash Outlay
5,733,750

Financing
11,550,000
Total Interest Payable
5,796,900
Total Repayment
17,346,900
Monthly Repayment
57,823

[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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