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Property Info


The Merton - Block 02

38 New Praya, Western / Kennedy Town, Hong Kong

Price: HKD 27,000,000 sale with lease
(S) 997 (G) 1,363 sq.ft. 3-Bed., 2-Bath.
Proway Relocation & Real Estate Services Ltd.

View from Balcony View from Balcony
Private roof Terrace Private roof Terrace
Balcony off Living and Dining Room Balcony off Living and Dining Room
Living and Dining Room
Living and Dining Room
Living and Dining Room
Living and Dining Room
Master Bedroom
Master Bedroom
Master Bathroom
Master Bathroom
Second Bedroom
Second Bedroom
Third Bedroom
Third Bedroom
Kitchen
Kitchen
Guest Bathroom
Guest Bathroom
Maid's Room
Maid's Room

General Information

Price : HKD 27,000,000 sale with lease
Saleable Area : 997 sq.ft.
Gross Area : 1,363 sq.ft.
Bedroom(s) : 3 (1-Ensuite)
Management Fee : To be confirmed
Government Rate : To be confirmed
Government Rent : To be confirmed
Property# : 133013
Last Updated : 2025-03-18
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window : 43 sq.ft.

Layout

3 Bedroom(s) (1-Ensuite); 2 Bathroom(s); Combined Living and Dining Room; 2 Balconies; 1 Utility Room

View

  • Situated on a high level boasting stunning unobstructed sea views.

Internal Condition

  • Three-bedroom penthouse apartment in the heart of Kennedy Town.
  • Bright and airy open plan living and dining room with access to two balconies.
  • Spacious living and dining room has great potential for any imaginative decorations.
  • Master bedroom can accommodate a queen-size bed and includes a built-in wardrobe.
  • Ensuite bathroom offers a good-size rain shower with clear glass door, spacious marble counter top, along with upper and lower cabinets.
  • Second bedroom includes a built-in mirror-door wardrobe.
  • Third bedroom is perfect to be a child or guest room.
  • Lots of cabinets, a fridge, gas hob, dishwasher and extended service counter complete the open kitchen.
  • Guest bathroom with a full-sized bathtub matches the design of the ensuite.
  • Washer and dryer are in the utility room which can also be used as a home office, maid's room can be used for storage.

Outdoor

  • Two balconies attaching to the living and dining room through sliding glass doors are great for chill out.
  • The private roof terrace offers you the most relaxing 360-degree views.
  • Set your table and chairs on the private roof terrace and enjoy an alfresco dining anytime.

Mortgage Calculator

Monthly Repayment *
100,152
Minimum Household Income *
200,304
Mortgage Plan
Expenses
Stamp Duty *
1,147,500
Agency Commission ***
270,000
Sub Total
1,417,500
Deposit
Initial Deposit(5%) *
1,350,000
S & P Agreement(5%) ***
1,350,000
Further Down Payment ***
5,400,000
Sub Total
8,100,000
Total Cash Outlay
9,517,500
Mortgage Summary
Monthly Instalment
100,152

Financing
18,900,000
Total Interest Payable
5,136,395
Total Repayment
24,036,395
  • * 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

The Merton - Block 02 The Merton - Block 1 &@ The Merton - Block 1 &@
The Merton - Block 02 The Merton - Block 3 The Merton - Block 3
Basic Info High-rise Apartment
Year built 2005 (building age 20 years)
Development New World Development Company Limited & Urban Renewal Authority 新世界發展有限公司及市區重建區
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

Location Map


About Kennedy Town

Shek Tong Tsui was where it all began some 170 years ago. Sai Wan, Kennedy Town and Sai Ying Pun included, remained an important part of Hong Kong until 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.

Commercially, higher rentals squeeze out less competitive outmoded businesses, making room for chain stores, specialty stores, and new trendy restaurants and bars. Yet some of the time honoured solid family businesses are thriving due to a more affluent customer base.

In term of property prices, the long suppressed property prices have seen significant capital growth in recent years, and will continue to outperform the market when the gentrification process is in full swing.

Only four MTR stops from Central, Kennedy Town is very convenient for commuters. There are wide variety of shops for daily shopping and entertainment. Compared to other popular housing districts, rental in Kennedy Town still offers higher value for money. This explains why K Town is hugely popular among tenants.

Kennedy Town
Kennedy Town

New Praya Kennedy Town
New Praya Kennedy Town

Forbes Street
Forbes Street

Kennedy Town Station
Kennedy Town Station

Kennedy Town Minibus Terminus
Kennedy Town Minibus Terminus

Smithfield Municipal Services Building
Smithfield Municipal Services Building

The University of Hong Kong
The University of Hong Kong


* 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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