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New Kwai Fong Garden two-bedroom 25-year return 15%
Kwai Chung, Sun Kwai Fong Garden, Block A, High Floor, Unit 6, with a usable area of about 408 square feet, 2-bedroom layout, originally listed at a rent of HK$17.8k, and rented at HK$17.3k, with a per-square-foot rent of about HK$42.4.
It is understood that the tenant is a local individual who actively sought a desirable rental property in July amid a shortage of listings, eventually negotiating a slight reduction of HK$500.
Midland Realty stated that the landlord purchased the property in August 2001 for about HK$17.8k, holding it for 25 years, with a rental yield of about 15%.