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Hong Kong Property Market - Yr.2019 Jul: Average price per sq feet $11828 4.88%   (last month:$12435)
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Source pointed the monthly rent in K11 ARTUS is up to HKD 320,000; The peak in Kowloon.

Image Caption
2019-04-17-(Wed)
【28Hse.com】  
Hong Kong Wen Wei Po News (By Yan Lunle)

In addition to shopping malls, office buildings and hotels, New World Centre Remodeling in Tsim Sha Tsui developed by New World also has serviced apartment like "K11 ARTUS ". Source pointed, K11 ARTUS has started recruiting tenants. According to market rumors, the monthly rent of some units such as the three-bedroom house among is up to HKD 320,000 of the highest, with the sq ft rent at HKD167, which will set new records for residential rent and sq ft rent in Kowloon if it is successfully rent out.

According to the data, the building has 14 floors offering 287 apartments in 70 different layouts. Source pointed, the cheapest open-style apartments in 510 sq ft to 720 sq ft are at monthly rent from about HKD 57,000 to HKD 95,000. One-bedroom to two-bedroom apartments, ranging from 730 sq ft to 1,441 sq ft, are at monthly rent of HKD 88,000 to HKD 200,000. Three-bedroom apartments, ranging from 1,895 sq ft to 1,921 sq ft, are at monthly rent of about HKD 240,000 to HKD 320,000.

The rent for open-style apartments estimated to start from HKD 57,000.

The project also has 3 duplex garden houses on top floor viewing seascape, ranging from 3,042 sq ft to 3,703 sq ft, but there is no rental information yet. If the monthly rent of the three-bedroom apartment is up to HKD 320,000, then the duplex house will have the opportunity to challenge the most expensive monthly rent among the Kowloon tiered property.
Tenants will be inheritors of the traditional handicraft.

New World issued a press release yesterday. Zheng Zhigang, K11 founder and executive vice president and general manager of New World Development, expressed that K11 ARTUS will make its debut in the third quarter of this year at the soonest. He pointed out that "the project inherits the K11 brand concept, and a group of craft masters completely preserve and revitalize the ancient Chinese craft traditions that are about to be lost, so that the tenants not only appreciate the handicrafts, but also participate in the inheritance.”
Translated by 28Hse.com . All right reserved.