Family Tenant Leases Fanling Garden 3-Bed Unit at HK$16,500 Monthly, Yielding Over 4.5%
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
The rental market in Hong Kong's New Territories continues to show resilience, with a family tenant securing a three-bedroom unit at Fanling Garden in Fanling. The tenant opted for an annual payment arrangement, remitting HK$198,000 upfront for the 543-square-foot flat in Tower 14. The landlord, who acquired the property in 2014 for approximately HK$4.38 million, is now enjoying a rental yield exceeding 4.5 percent amid stable rental demand.
Key Points
- A family tenant has leased Unit D on the lower floor of Tower 14 at Fanling Garden, securing a three-bedroom unit with a saleable area of approximately 543 square feet .
- The monthly rent is HK$16,500, with the tenant choosing to pay the full annual rent of HK$198,000 in advance .
- The unit overlooks the estate gardens and comes with full furniture and appliances, allowing immediate occupancy for the tenant .
- The landlord purchased this unit in 2014 for approximately HK$4.38 million, and the current rental arrangement yields approximately 4.52 percent per annum .
- Lo Fuk-yum, senior manager at Ricacorp Properties, facilitated the transaction, noting that the tenant was attracted by the tranquil environment and move-in-ready condition .
Why It Matters
This transaction demonstrates the sustained appetite for quality rental housing in Hong Kong's New Territories, where family tenants remain willing to commit to annual payments in exchange for stability and convenience . For landlords holding properties purchased before the current market cycle, rental yields exceeding 4.5 percent continue to offer attractive returns in a low-interest-rate environment .
This transaction demonstrates the sustained appetite for quality rental housing in Hong Kong's New Territories, where family tenants remain willing to commit to annual payments in exchange for stability and convenience . For landlords holding properties purchased before the current market cycle, rental yields exceeding 4.5 percent continue to offer attractive returns in a low-interest-rate environment .