|Price||: HKD 14,500,000|
|Saleable Area||: 781 sq.ft.|
|Gross Area||: 984 sq.ft.|
|Bedroom(s)||: 2 (1-Ensuite)|
|Management Fee||: HK$ 984 per month|
|Government Rate||: HK$ 1,500 per quarter|
|Government Rent||: To be confirmed|
|Last Updated||: 2019-10-14|
|Year built||1968 (building age 51 years)|
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.
New Praya Kennedy Town
Kennedy Town Station
Kennedy Town Minibus Terminus
Smithfield Municipal Services Building
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 agent 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 2866 0130.