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Lucky Center two-bedroom unit held for 12 years yields 5.5% return.
Shatin Lucky Centre Maple Court (Block C1), Low Floor Unit G, has a usable area of 326 sq ft and a two-bedroom layout. After negotiation, it was rented out at HK$16.5k, which works out to about HK$50.6 per sq ft of usable area.
Centaline Property Agency said the new tenants are two female students from the Mainland. They found the estate’s location convenient and the unit layout suitable for shared use, so they took the unit on a self-use basis by paying one year’s rent upfront, making it convenient for school.
The owner bought the unit for HK$3.57 million in 2014 and has held it for 12 years. This time, renting it out offers an approximate rental return of 5.5厘.