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Property Info


Island Crest - Tower 1

8 First Street, Sai Ying Pun, Hong Kong

Price: HKD 13,800,000
(S) 463 (G) 627 sq.ft. 2-Bed., 1-Bath.
Proway Relocation & Real Estate Services Ltd.

View
View
Balcony off Living and Dining Room Balcony off Living and Dining Room
Living and Dining Room Living and Dining Room
Master Bedroom Master Bedroom
Second Bedroom
Second Bedroom
Kitchen
Kitchen
Guest Bathroom
Guest Bathroom

General Information

Price : HKD 13,800,000
Saleable Area : 463 sq.ft.
Gross Area : 627 sq.ft.
Bedroom(s) : 2
Management Fee : To be confirmed
Government Rate : To be confirmed
Government Rent : To be confirmed
Property# : 94587
Last Updated : 2025-01-14
The External Area(s) of this property include the area(s) as stated below:
Balcony/Verandah : 22 sq.ft.
Utility Platform : 10 sq.ft.
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 sq.ft.
Air-conditioning Platform : 27 sq.ft.

Layout

2 Bedroom(s); 1 Bathroom(s); Combined Living and Dining Room; 1 Balcony

View

  • Green open views of the Sai Ying Pun area looking down onto an outdoor sports ground and garden closesby.

Internal Condition

  • This apartment comes with nice wooden floor and white painted walls and ceilings throughout.
  • Living and dining room is bright with sliding doors opening to the balcony.
  • Both bedrooms come with large bay window and have good layout for bed with other furniture.
  • Fully fitted kitchen is equipped with essential appliances and built-in cabinets.
  • Bathroom with a bathtub and generous cabinet space has been well maintained.

Outdoor

  • The balcony off the living room would be a cozy and airy outdoor area for a tea break.

Mortgage Calculator

Monthly Repayment *
58,501
Minimum Household Income *
117,002
Mortgage Plan
Expenses
Stamp Duty *
517,500
Agency Commission ***
138,000
Sub Total
655,500
Deposit
Initial Deposit(5%) *
690,000
S & P Agreement(5%) ***
690,000
Further Down Payment ***
1,380,000
Sub Total
2,760,000
Total Cash Outlay
3,415,500
Mortgage Summary
Monthly Instalment
58,501

Financing
11,040,000
Total Interest Payable
3,000,307
Total Repayment
14,040,307
  • * Exact Stamp Duty to be determined by Government
  • ** Normally 5% of 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.

Building Information

Island Crest - Tower 1 Building Outlook Building Outlook
Island Crest - Tower 1 Building Outlook Building Outlook
Island Crest - Tower 1 Building Outlook
Building Outlook
Island Crest - Tower 1 Main Entrance
Main Entrance
Island Crest - Tower 1 Carpark Entrance
Carpark Entrance
Island Crest - Tower 1 Signature
Signature
Island Crest - Tower 1 Children's Playground
Children's Playground
Island Crest - Tower 1 Gym
Gym
Island Crest - Tower 1 Multimedia area
Multimedia area
Island Crest - Tower 1 Salon
Salon
Island Crest - Tower 1 Beverage distributors
Beverage distributors
Island Crest - Tower 1 Nearby Road - First Street
Nearby Road - First Street
Island Crest - Tower 1 Nearby Road - First Street
Nearby Road - First Street
Island Crest - Tower 1 Nearby Road - Second Street
Nearby Road - Second Street
Island Crest - Tower 1 Nearby Road - Centre Street
Nearby Road - Centre Street
Island Crest - Tower 1 Nearby Road - Eastern Street
Nearby Road - Eastern Street
Island Crest - Tower 1 Common Area
Common Area
Island Crest - Tower 1 Common Area
Common Area
Basic Info High-rise Apartment
Year built 2009 (building age 16 years)
Clubhouse Facilities Aerobics Exercise Room, Barbeque Area, Changing Rooms, Dance Room, Gym, Mahjong rooms, Outdoor Swimming Pool, Sitting Area
Arts & Entertainment Function Rooms, Music Room

Location Map


About Sai Ying Pun

After British army arrival at Possession Point (now Hollywood Park next to Possession Street) in 1841, the 800 or so volunteer soldiers from India and Bangladesh stationed in West Point (hillside of Water Street). Thereafter, the area west of Hollywood Park was called Sai Ying Pun 西營盤, meaning 'Western Garrison'. Flourishing trades required construction of piers, docks, warehouses, and properties to accommodate merchants for rice, dry seafoods, and herbal medicines, and the workers who supported these activities. Even today, one can still find remnants of the early colonial past in the district. World War II brought mass destruction, giving rise to reconstruction of many buildings to four to six storey tenement buildings with shops on ground floor. Rapid population growth and technological advancement necessitate these post war buildings to be redeveloped into highrises.

There are many prestigious colleges and schools can be found in this district, namely King's College, St. Clare Primary, St. Stephen Girls College, St. Paul College, etc.

Property values were suppressed as MTR somehow missed Sai Wan when the railway opened in 1979. Thanks to recent MTR access, the long forgotten sleepy Sai Wan is coming back in a vengeance. As old buildings are redeveloped, new home buyers and tenants are moving in, which attract new and upscale businesses to serve this new and more affluent customer base. The district is now flourishing as many new businesses are setting up, including chain stores, specialty stores, and trendy restaurants and pubs.


King's College


St. Paul’s College


The University of Hong Kong


High Street

Sai Ying Pun MTR


Sai Ying Pun Market


Centre Street


PMQ


Tai Kwun


Lan Kwai Fong


* Rental Incl.: Rental Inclusive (including management fee and government rate)

The above rental or sale information is provided by the hong kong property agency Proway Relocation & Real Estate Services Ltd or its sister companies, a premier real estate agency specializing in realty, residential property for rent and sale in Hong Kong. Looking to rent a flat, buy a flat or list property? Please call us at +852 28660130.

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Elaine Lam
Elaine Lam
Client Service Officer
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