Chai Wan Hyde Park Garden New 2-Bed Suite Rented in 3 Days at HK$30,000/Month
SingTao · 1 SOURCES1 day ago2 MIN
Summary
A premium 2-bedroom suite at the newly completed Hyde Park Garden development in Chai Wan was leased within merely 3 days of listing, with the tenant paying HK$30,000 per month. The business owner tenant was drawn to the development's upscale resident clubhouse and the unit's rare two-bathroom configuration, which conveniently accommodates guest entertainment. The owner, who purchased the 573 sq ft unit for HK$10.828 million in June 2026, now enjoys a 3.3% rental yield. Separately, a 2-bedroom unit at La Cite in Yuen Long achieved a record monthly rent of HK$20,500, underscoring robust rental activity across Hong Kong's residential market.
Key Points
- Hyde Park Garden Tower 2 High Floor Unit H: 573 sq ft, 2 bedrooms with 1 ensuite, leased at HK$30,000/month (HK$52 psf) within 3 days
- Owner purchased the unit in June 2026 for HK$10.828 million; current rental yield stands at 3.3%, based on acquisition price and monthly rent
- Tenant is a business owner who appreciated the development's luxurious clubhouse facilities and spacious interior layout, deciding to rent on the spot after viewing
- La Cite Tower 1 High Floor Unit F: 533 sq ft, 2-bedroom semi-detached kitchen, leased at HK$20,500/month (HK$39 psf), setting a new record for the estate
- La Cite owner bought the unit in 2020 for HK$9.6 million; the latest tenancy yields approximately 2.6% per annum
Why It Matters
The rapid leasing of the Hyde Park Garden unit at a 3.3% yield demonstrates sustained investor appetite for new private residential developments in Hong Kong's eastern district, with quality amenities serving as key differentiators for tenants. The record rent achieved at La Cite highlights how proximity to MTR stations and comprehensive supporting facilities continue to command premium rental values in the New Territories, providing landlords with stable income streams amid uncertain property market conditions .
The rapid leasing of the Hyde Park Garden unit at a 3.3% yield demonstrates sustained investor appetite for new private residential developments in Hong Kong's eastern district, with quality amenities serving as key differentiators for tenants. The record rent achieved at La Cite highlights how proximity to MTR stations and comprehensive supporting facilities continue to command premium rental values in the New Territories, providing landlords with stable income streams amid uncertain property market conditions .