Name: Tung Yuen Building
Brand: HongKongHomes
SKU: 81285
Price: 10000000 HKD

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Elaine Lam

Client Service Officer

Proway Relocation & Real Estate Services Ltd. (C-033118)

General Information

Price

HKD $10,000,000

Saleable Area

320 sq ft$31,250/sq ft

Gross Area

500 sq ft$20,000/sq ft

Bedroom

Studio flat

Bathroom

Management Fee

To be confirmed

Government Rate

To be confirmed

Government Rent

To be confirmed

Property No.

81285

Last Updated

2023-09-11

This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.

Top Roof

290 sq ft

Layout

Studio; 1 Bathroom(s); Combined Living and Dining Room

Description

View

It looks out to the surrounding buildings and streets.
It looks over Tai Kwun - Centre for Heritage and Arts.

Internal Condition

A charming traditional low-rise furnished studio apartment with roof terrace.
Big windows capture lots of natural light bringing into the apartment.
Good-size studio with living, dining, and sleeping areas perfectly appointed for a bachelor.
Fitted open kitchen with essential appliances and built-in cabinets.
Bathroom is modern and features a rain shower.

External Area

An outdoor living suite with dining set are already placed on the private roof terrace to serve an alfresco dinner anytime.

Mortgage Calculator

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Minimum Household Income *

Property Price	Mortgage Amount(%)
Interest Rate	Mortgage Term
Mortgage Amount

Stamp Duty Eligibility Details

I currently own a property in Hong Kong.

I am an HK Resident and non-corporate buyer.

Mortgage Plan

Expenses

Stamp Duty *

Agency Commission ***

Sub Total

Deposit

Initial Deposit(5%) *

S & P Agreement(5%) ***

Further Down Payment ***

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Total Cash Outlay

Financing

Total Interest Payable

Total Repayment

Monthly Instalment

* Exact Stamp Duty to be determined by Government

** Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)

*** Exact Real Estate Agent Commission to be confirmed by Real Estate Agent

DISCLAIMER: The calculated value is based on assumptions and provides an approximate result for your reference only.

90% Mortgage is for the first‑time home buyers, the cap on the value of a property eligible for a mortgage loan of a maximum cover of 90 per cent LTV ratio raised from the $8 million to $10 million.

Building Information

Basic Information	Low-rise Apartment
Year built	1976 (building age 47 years)

District Information

About Central

Central comprises of mainly office buildings providing accommodations to banks, financial firms, professional firms, and service providers. Prominent office buildings are mostly situated on waterfront and along the main roads on Connaught Road, Des Voeux Road Central, Queen's Road Central, and Chater Road. Secondary office buildings are located on the side streets and areas south of Stanley Street.Proximity to work, easy access to amenities and services, as well as desirable environment are among some of reasons why homes in Central are appealing to professionals. With the exception of a project such as Centrestage, there were virtually no new residential developments in Central during the last 30 years. Small pockets of residential buildings remain in the upper part of Central. Due to superior location and rarity, apartments in Central are highly sought after among professionals working in Central.

Testimonials

Teresa Chu's client say:

House hunting is gruesome process normally, but with swift response and suggestion from understanding client's needs, it was pleasant surprise to find the flat in very reasonable rental and least search time with Proway, and Teresa Chu. I hope I would not need to move for a while from the flat Proway found me, but if I get to, I do not hesitate reaching out Proway.

Jae Park