Sha Tin City One Records Three Rental Deals, Annual Payments Secure Units
AM730 · 1 SOURCESabout 4 hours ago2 MIN
Summary
Three rental transactions have been consecutively recorded at Sha Tin City One, a prominent blue-chip housing estate in Hong Kong. Tenants have been competing for units by offering annual rent payments upfront, allowing landlords to enjoy rental yields reaching as high as 10%. Ricacorp Properties facilitated all three deals, highlighting the estate's continued appeal due to its proximity to the MTR station and comprehensive surrounding amenities.
Key Points
- One-bedroom unit at Block 38, High Floor, Unit E (284 sq ft) was rented for HK$14,800 per month, totaling HK$177,600 annually .
- Landlord of the Block 38 unit purchased in 2022 for approximately HK$5.35 million, now receiving a 3.3% rental yield .
- Two-bedroom unit at Block 44, High Floor, Unit E (284 sq ft) was secured by a tenant who proactively offered annual payment of HK$158,400 .
- Landlord of the Block 44 unit acquired the property in 2008 for HK$1.58 million, enjoying an exceptional 10% rental return .
- Three-bedroom unit at Block 24, High Floor, Unit B (447 sq ft) was leased to a local family at HK$19,600 monthly with garden views .
- Owner of the Block 24 unit purchased in 2012 for HK$3.63 million, generating a 6.5% rental yield .
Why It Matters
The strong rental performance at Sha Tin City One underscores the sustained demand for well-located residential properties in Hong Kong's New Territories, where tenants are willing to offer favorable payment terms to secure units in popular estates near MTR stations and mature community facilities .
The strong rental performance at Sha Tin City One underscores the sustained demand for well-located residential properties in Hong Kong's New Territories, where tenants are willing to offer favorable payment terms to secure units in popular estates near MTR stations and mature community facilities .