Centaline offers rental protection for Prince One buyers
AM730 · 1 SOURCESabout 3 hours ago2 MIN
Summary
Centaline Property, the exclusive planning and sales agent for Prince One in Mong Kok, has introduced a buyer incentive ahead of the Mid-Autumn Festival. From September 18 to September 30, the first 10 buyers who purchase a unit through Centaline and subsequently rent it out through the agency can receive a first-year rental protection package with coverage of up to HK$200,000. The development has continued to attract market attention since launch, and Centaline said viewing interest has remained strong. The project logged 21 transactions this month, with the highest-priced deal involving Flat E on the 17th floor at HK$7.5737 million, or HK$21,215 per square foot
Key Points
- Prince One is developed by One Edward Development Limited, with Centaline Property appointed as the sole planning and sales agent for the project
- The promotion runs from September 18 to September 30 and is limited to the first 10 buyers purchasing through Centaline Property
- Eligible buyers must also lease out their units through Centaline Property to receive the first-year rental protection benefit
- The maximum protection amount under the “rental protection” offer is HK$200,000, and the incentive is available on a first-come, first-served basis
- Senior Sales Director Lam Wai-man of West Kowloon at Centaline said about 35% of buyers are long-term investors targeting rental returns
Why It Matters
The offer is aimed squarely at investors who want to reduce perceived leasing risk while entering the urban small-flat market. For Hong Kong readers tracking new-home demand, the sales figures and investor share suggest continued interest in compact units near MTR stations that can be rented out soon after purchase