Tsuen Wan Ocean Pride 3-Bed Unit Leased at HK$37,500 to Overseas Corporate Client
SingTao · 1 SOURCESabout 2 hours ago2 MIN
Summary
A premium three-bedroom rental transaction at Ocean Pride in Tsuen Wan has been completed at HK$37,500 per month, with the tenant being an overseas corporate client. The 777 sq ft unit in Tower 9, High Floor E, features three bedrooms including one ensuite, and this transaction marks the only three-bedroom rental listing currently available in the entire estate.
Key Points
- Ocean Pride Tower 9 High Floor E spans 777 sq ft with a three-bedroom, one-ensuite layout, fetching HK$37,500/month (HK$48 per sq ft) .
- The overseas corporate tenant was attracted by the estate's location above MTR Tsuen Wan West Station and its large podium shopping mall .
- The landlord acquired this unit in 2017 as a primary market purchase for HK$12.33 million, holding the property for approximately nine years .
- The current rental income translates to a gross yield of approximately 3.6%, reflecting stable rental returns in the current market environment .
- In Yuen Long, Central Park Towers Tower 3 High Floor H (398 sq ft, two-bedroom) was leased at HK$13,800/month (HK$35 per sq ft) .
Why It Matters
These transactions underscore robust rental demand across different segments of Hong Kong's residential market. The Ocean Pride deal reflects sustained appetite from corporate tenants for spacious units in MTR-connected developments, while the Central Park Towers case illustrates how Mainland families with children studying in Hong Kong are increasingly willing to prepay a full year of rent to secure accommodation near schools, bypassing the inconvenience of daily cross-border commuting .
These transactions underscore robust rental demand across different segments of Hong Kong's residential market. The Ocean Pride deal reflects sustained appetite from corporate tenants for spacious units in MTR-connected developments, while the Central Park Towers case illustrates how Mainland families with children studying in Hong Kong are increasingly willing to prepay a full year of rent to secure accommodation near schools, bypassing the inconvenience of daily cross-border commuting .