Marina Garden High-Floor Studio Rents at HK$14,300 Monthly, Achieving HK$70 Per Sq Ft
SingTao · 2 SOURCESabout 2 hours ago1 MIN
Summary
A high-floor open studio at Marina Garden in Tseung Kwan O's Lohas Park district has been leased for HK$14,300 per month, achieving a price per square foot of HK$70. The owner acquired the 203-square-foot unit in Tower 1 in March 2023 for HK$4.81 million, and the current rental generates a yield of approximately 3.6 percent. The development has seen about 40 rental transactions in August 2024, with average rents around HK$56 per square foot. Separately, a one-bedroom unit with a private platform at Luna Rivera Phase 2 in Mong Kok fetched HK$18,500 per month, or HK$70 per square foot.
Key Points
- Marina Garden Tower 1 high-floor unit B3 leased at HK$14,300 monthly, HK$70 per square foot
- Unit size 203 square feet, open studio layout; owner bought in March 2023 for HK$4.81 million
- Rental yield reaches approximately 3.6 percent; development averaged HK$56 per square foot in August
- Luna Rivera Phase 2 Tower 2 in Mong Kok: 266 sq ft one-bedroom with platform rented at HK$18,500 monthly
- Owner purchased Mong Kok unit in October 2024 for HK$6.8 million, yielding 3.3 percent rental return
Why It Matters
These transactions highlight sustained investor appetite for compact residential units in Hong Kong's suburban and urban districts, with small units commanding premium per-square-foot rents that support yields above three percent despite recent interest rate pressures .
These transactions highlight sustained investor appetite for compact residential units in Hong Kong's suburban and urban districts, with small units commanding premium per-square-foot rents that support yields above three percent despite recent interest rate pressures .