The Merton - Block 02

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 12.2MSA 507 SF | 2BD | 1BA
For Sale (HKD $)
12.2M
Room
2
Bath.
1
Age (yrs)
21
Gross Area (SF)
697
$17,504/SF
Saleable Area (SF)
507
$24,063/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
22 s.f.
Agent Information
Elaine Lam
Client Service Officer
Elaine Lam
Request Information

Layout / Parking Space

Bedroom
2
Bathroom
1
Living / Dining Room
Combined
Balcony
1

Management / Government Fee

Management Fee
$2100.00
Government Rate
$3300.00
Government Rent
$1800.00

Description

Description
  • The views extend from the nearby buildings towards the sea.
Internal Condition
  • Bright living room has full height doors opening to the sea view balcony.
  • Efficient layout of the living and dining room allows for an optimal arrangement of furniture.
  • The master bedroom is flooded with sunlight and a sea view.
  • Well-positioned second bedroom receives good natural light.
  • Fully fitted kitchen is equipped with essential appliances.
  • Thoughtfully designed bathroom with washing area divided from the toilet.
External Area
  • The small balcony off the living room would be a cozy and airy outdoor area for a tea break.

Building

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

Communal Facilities
  • Children's Pool
  • Swimming Pool
Clubhouse Facilities
  • Gym
  • Sauna
  • Swimming Pool
Children Facilities
  • Children's Playground
Arts & Entertainment
  • Bar / Lounge
  • Function Rooms
  • Reading Room

Mortgage Calculator

Monthly Repayment
$42,754
Minimum Household Income
$85,508
Mortgage Plan
Expenses
Stamp Duty [1]
457,500
Agent Commission [2]
122,000
Sub Total
579,500
Deposit
Initial Deposit (5%) [3]
610,000
S & P Agreement (5%) [3]
610,000
Further Down Payment
2,440,000
Sub Total
3,660,000
Total Cash Outlay
4,239,500

Financing
8,540,000
Total Interest Payable
4,286,200
Total Repayment
12,826,200
Monthly Repayment
42,754

[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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