Yanghai Three-Bedroom Rented Out at 46,000, Return Only 2.2%

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Aberdeen Wong Chuk Hang Station, South Island Line Phase 2, Yanghai Block 1A, Ground Floor Unit, approximately 709 sq ft, 3 bedrooms with large balcony, facing east with garden view. The owner initially rented it out for HKD 50,000 for about a month, then received inquiries from local residents. After negotiations, the lease was finalized at HKD 46,000, with an effective rent of HKD 64.9 per sq ft.

It is understood that the new tenant is a family who prefers the unit located above the MTR station for convenient school access; plus, the large balcony and complete facilities made them decide to rent immediately after viewing.

Hong Kong Property states that the owner purchased the unit in February 2022 for HKD 24.815 million, with a rental yield of 2.2%.

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