Real estate market
Written by: Zhai Ziqian
2019-12-07 19:00
Last updated: 2019-12-07 19:00Kai Tak has a new home for sale today (7th), and some investors plan to purchase units to collect rent. However, Kai Tak recently had another rental transaction with a return of less than 2%.
The agent stated that a lease transaction was recorded in Room B, Middle Floor, Block 1, OASIS KAI TAK, Kai Tak. The unit's saleable area was 698 square feet, which was a three-bedroom-to-workshop space. The unit was leased for two months. The original asking price of the owner was 25,000 yuan. After the negotiation, the price was reduced by 1,500 yuan or about 6%, and it was leased to 23,500 yuan.
It is reported that in May 2018, the owner purchased the above unit for about 18.86 million yuan, and the rental return rate was only about 1.5%.
The agent said that OASIS KAI TAK has recorded two cases of rental transactions so far this month, and there are currently 40 units in the housing estate for rent, with the asking price starting from 13,000 yuan.
Rental Market in Kai Tak Development Area
