Wai Cheong Building

5-9A Gresson Street, Wan Chai, Hong Kong
HKD $ 8.6MSA 474 SF | 1BD | 1BA
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For Sale (HKD $)
8.6M
Room
1
Bath.
1
Age (yrs)
46
Gross Area (SF)
600
$14,333/SF
Saleable Area (SF)
474
$18,143/SF
Efficiency(%)
79%
Agent Information
Elaine Lam
Client Service Officer
Elaine Lam
Request Information

Layout / Parking Space

Bedroom
1
Bathroom
1
Living / Dining Room
Combined

Management / Government Fee

Management Fee
$900.00
Government Rate
$2420.00
Government Rent
To be confirmed

Description

Description
  • It looks out to the other buildings at a comfortable distance.
Internal Condition
  • Bright and airy living and dining room with expansive windows and high ceiling.
  • Efficient layout of the living and dining room allows for an optimal arrangement of furniture.
  • Living and dining room with an open kitchen looks especially spacious and airy without partitioning.
  • The dressing area off the entrance with built-in units provides additional storage.
  • The layout of the bedroom is very efficient for furniture configuration.
  • The open kitchen is equipped with all essential appliances and built in cabinets.
  • Bathroom has been very well maintained.

Building

High-rise Apartment, Year built 1980 ( Building age 46 )

Mortgage Calculator

Monthly Repayment
$30,138
Minimum Household Income
$60,276
Mortgage Plan
Expenses
Stamp Duty [1]
258,000
Agent Commission [2]
86,000
Sub Total
344,000
Deposit
Initial Deposit (5%) [3]
430,000
S & P Agreement (5%) [3]
430,000
Further Down Payment
1,720,000
Sub Total
2,580,000
Total Cash Outlay
2,924,000

Financing
6,020,000
Total Interest Payable
3,021,400
Total Repayment
9,041,400
Monthly Repayment
30,138

[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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