Cheung Sha Wan Wang King Garden 2-Bed Rents at HK$23,800 with 4.3% Yield
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
A mid-floor two-bedroom unit at Cheung Sha Wan's Wang King Garden has been rented to a family tenant for HK$23,800 per month, translating to a rental yield exceeding 4.3 percent for the landlord. The 464-square-foot flat in Block 2 was secured after just one viewing, with the tenant attracted by its quality finishes. Meanwhile, an investor purchased a compact unit at nearby Wing Fat House for HK$2.85 million, reflecting sustained interest in small-unit residential investments across the district.
Key Points
- Wang King Garden Block 2 Mid-floor H unit spans 464 square feet with two bedrooms; the practical rent works out to HK$51 per square foot
- The landlord purchased the unit in November 2024 for approximately HK$6.5 million, and the current monthly rent of HK$23,800 yields over 4.3 percent
- Family tenant committed after a single viewing, drawn by the quality finishes and auspicious rental figure of HK$23,800
- Wing Fat House High-floor D unit, a 264-square-foot one-bedroom facing southwest, sold for HK$2.85 million after negotiations, a 5 percent reduction from the HK$3 million asking price
- Hong Kong Property district director notes active market participation from investors seeking rental income through compact urban units
Why It Matters
Cheung Sha Wan's robust transportation network continues to anchor stable rental demand, making it a preferred location for both tenants and rental investors. The twin transactions underscore a broader market trend of investment-oriented buyers targeting compact units in well-connected urban districts for dependable rental income streams.
Cheung Sha Wan's robust transportation network continues to anchor stable rental demand, making it a preferred location for both tenants and rental investors. The twin transactions underscore a broader market trend of investment-oriented buyers targeting compact units in well-connected urban districts for dependable rental income streams.