Harbourfront Landmark 3-Bed Flat Leased Within 2 Hours at 5.3% Yield
SingTao · 1 SOURCESabout 1 hour ago2 MIN
Summary
A three-bedroom flat at Harbourfront Landmark in Hung Hom was rented out within just two hours of being listed, demonstrating strong rental demand in the area. The 593-sq-ft unit on the middle floor of Tower 4, facing southeast with sea views, was initially priced at HK$29,000 per month but was eventually leased for HK$28,500, works out to HK$48 per sq ft. A family tenant from another district immediately agreed to rent the property after viewing, citing the suitable layout and sea view as key factors.
Key Points
- The flat at Harbourfront Landmark Tower 4, middle floor, Unit G spans 593 sq ft with three bedrooms and southeast sea views
- Owner listed the unit at HK$29,000/month but agreed to HK$28,500/month after quick negotiations, HK$48 per sq ft
- Tenant was a family from another district who viewed the flat and signed immediately, attracted by the layout and scenery
- Owner purchased the unit in December 2012 for HK$6.48 million, generating a rental yield of 5.3 percent
- A separate Tuen Mun property at Lung Man Estate also leased quickly, with a local tenant securing a 592-sq-ft three-bedroom unit for HK$15,000/month, yielding 7.1 percent
Why It Matters
The swift leasing of this premium waterfront property underscores continued strong demand for quality rental housing in Hong Kong's prime locations. With rental yields ranging from 5.3 to 7.1 percent, residential properties remain attractive investment vehicles amid market uncertainty, while tenants' willingness to offer one-year prepaid rent highlights competitive rental market conditions.
The swift leasing of this premium waterfront property underscores continued strong demand for quality rental housing in Hong Kong's prime locations. With rental yields ranging from 5.3 to 7.1 percent, residential properties remain attractive investment vehicles amid market uncertainty, while tenants' willingness to offer one-year prepaid rent highlights competitive rental market conditions.