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Bel Air One-Bedroom Sea View Monthly Rent HKD 22,000 with a 3.7% return
Tsuen Wan Parkview 1A Block High Floor Unit C, approximately 421 sq. ft. of usable area, one-bedroom layout, facing west, enjoying Tsing Kiu Bridge sea view. Listed for about one week, originally asking for HKD 22,000 rent, offered at HKD 22,000 per month without negotiation, with an effective rent of about HKD 52.3 per sq. ft.
The tenant is a professional from outside the district. After viewing once, they immediately fell in love with the unit. The preferred estate is along the MTR line, close to large shopping malls, the waterfront promenade, Yeung Uk Road Market, and Tsuen Wan Park, with complete living amenities.
Midland Realty states that the owner purchased the property in February 2017 for about HKD 7.147 million. Based on this rent, the rental yield is approximately 3.7%.