Kowloon Bay Amoy Gardens 2-Bedroom Rented in 2 Days for HK$16,000 Monthly
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
A two-bedroom unit at Kowloon Bay Amoy Gardens was leased within two days of listing for HK$16,000 per month. The tenant, a local couple from the same district, committed after only one viewing due to severely limited supply in the estate. The landlord purchased the 390-sq-ft property in March 2026 for HK$4.6 million, achieving a rental yield of approximately 4.2 percent. Separately, a three-bedroom seaview unit at Tsuen Wan West's Pavilia Bay was rented for HK$39,500 monthly.
Key Points
- Flat F, Mid Floor, Unit 2 at Amoy Gardens spans 390 sq ft with two bedrooms, east-facing city views
- Landlord listed the unit at HK$16,500 but agreed to HK$16,000 after negotiation, translating to HK$41 per sq ft
- The unit was sold in March 2026 for approximately HK$4.6 million, yielding about 4.2 percent annually
- At Pavilia Bay in Tsuen Wan West, a 826-sq-ft three-bedroom seaview unit fetched HK$39,500 per month
- The Pavilia Bay landlord purchased the unit in 2017 for HK$14.38 million, now yielding approximately 3.3 percent
Why It Matters
The rapid leasing of the Amoy Gardens unit underscores persistent undersupply in Hong Kong's suburban residential rental market, allowing landlords to command premium rents with minimal vacancy periods. Combined with the steady rental demand evidenced by the Pavilia Bay transaction, the data suggests rental yields in well-located developments remain attractive for long-term investors despite softening capital values.