Kai Tak MONACO, GRAND MONACO｜Finished｜Exhibition of show flats and clubhouses in Kai Tak｜Kai Tak sold more than 2,200 units｜Potential supply keeps increasing｜The price per square foot is hard? ｜Win the land bid at a low price｜Will property prices be affected? ｜Hong Kong｜Wheelock｜Easy Property Inspection Group｜You can watch new properties
Kai Tak in Hong Kong has become a “stock tail town” with over 2,200 flats available for potential buyers. The area also has a number of commercial lands that have been rezoned for residential use due to previous failed bids, increasing the potential supply further. Developers are opening up demonstration units for viewing, such as the MONACO and GRANDE MONACO properties developed by Wheelock, which have already sold over 95% of their units. The properties are also available for rent, with around 40 listings on the market. The intended price for similar units can be around 50 million yuan with a price per square foot of over 30,000 yuan.
[Easy Fat Property Inspection Group 🏠 New properties for you to look at]Kai Tak MONACO, GRAND MONACO｜Finished｜Exhibition of show flats and clubhouses in Kai Tak｜Kai Tak has more than 2,200 flats｜Potential supply continues to increase｜The price per square foot is hard Uh? ｜Win the land bid at a low price｜Will property prices be affected? ｜Hong Kong｜Wheelock｜Effect property inspection team｜You can view new properties Kai Tak, as a supply warehouse in recent years, has become a “stock tail town” under the influence of factors such as the epidemic and interest rate hikes. Roughly estimated, there are more than 2,200 units in stock. However, at the same time, there are also a number of commercial lands in the area, which have been rezoned for residential use due to failed bids in the past, which has led to more and more potential first-hand supply in the area. It seems that Cheung Kong has just won the bid with a floor price as low as 6138 yuan per square foot. The combined land of No. 4, No. 5(B) and No. 10 in Kai Tak District 2A is expected to provide 1750 units. One of the methods used by developers is to open up existing demonstration units. It seems that developed by Wheelock, MONACO and GRANDE MONACO in Kai Tak have already started to enter the handover process. Since the two projects were launched for sale at the beginning of last year, more than 95% of the units have been sold, and the remaining 30 units are in stock. The demonstration units visited were three-bedroom standard households in high-rise buildings and characteristic households in low-rise four-bedroom duplexes with rooftops. The three-bedroom standard apartment comes from Room B on the 25th floor of Block 2A, with a usable area of 678 square feet. When the unit went on sale early last year, it was priced at about 21.36 million yuan. After seeing the satisfactory response, the developer raised the price slightly by about 1% a few months later. Now there are decoration and furniture items, the latest price has been raised by about 5% to about 22.86 million yuan. After deducting the maximum 15.5% discount, the discounted price is about 19.32 million yuan, and the price per square foot is about 28,000 yuan. Before MONACO and GRANDE MONACO moved in, the owners had successively released the units for rent. According to the agency information, there are more than 40 rental listings on the market; referring to the 28Hse website, the asking rent per month starts from 13,800 yuan, depending on the type of apartment. The asking rent for a three-bedroom apartment similar to that of the demonstration unit is 32,000 yuan. Earlier, GRANDE MONACO, a 961-square-foot four-bedroom unit, was rented out at a monthly rent of 40,000 yuan. The owner sold it for 24.94 million yuan last year. If the rent is 41.6 yuan per square foot, the rental return is only 1.9%. The second viewing unit is located in Room A on the 3rd and 5th floors of Block D, with a usable area of 1,543 square feet. Referring to the previous transaction records of similar units, the transaction price is around 50 million yuan, and the price per square foot is more than 30,000 yuan. I believe that the intended price of this unit is similar. Further reading: * MONACO Click here to see more * GRANDE MONACO Click here to see more If you have any real estate and want to know more, remember to leave a message to let us know📢! ![Remember to help like👍our Facebook and subscribe to 🛎YouTube channel, and set the 28Hse page as “First Look／See First🧐”]📍Facebook: 📸Instagram: 📱Twitter: 🎞YouTube: #奥德#MONACO #GRANDEMONACO #新盘#货尾#购买重镇#交楼#现场#设计单位#三室#香装#设计#双单单单#连台#四房#suite#奇德河#价格#rent#rent return# Intention price#参考#价格#AIRSIDE #双古古塔#SOGO #长实#地土#胡德丰#房城市#地产#一手#租盘#九龙#香港#Christmas#New Year#易发见屋团#New 00:00 Opening 01:05 Kai Tak stock and potential supply situation 02:12 MONACO introduction 02:37 MONACO three-bedroom unit introduction – Room B, 25th Floor, Block 2A 07:14 MONACO, GRAND MONACO rental situation 08 :00 GRAND MONACO introduction 08:22 GRAND MONACO duplex unit introduction – 3rd, 5th floor and rooftop of Block D, Low Block 12:39 GRAND MONACO Intended Price Reference 12:50 Clubhouse Introduction 13:43 Area Supporting Introduction 14:05 Kai Tak Property Price Situation 14:59 Summary
