2024-04-19 28Hse Editor
The lease term is at least three years enough to buy 5 two-bedroom units in Taikoo Shing
The new crown pneumonia vaccination started to benefit the recovery of Hong Kong's economy. In addition, many large companies came to Hong Kong to list, which drove the rental demand of a group of executives. Wharf’s first launch of 11 Plantation Road, Peak Plantation Road, No. 1 house with an area of more than 10,000 square feet, was tendered for lease. The tender was closed last Wednesday. The developer announced yesterday that it would rent out a monthly rent of 1.35 million yuan, creating a monthly residential rent in Hong Kong. A record high, with a rent of 125 yuan per square foot. The developer immediately launched additional tenders for housing 2 and 3 for lease, with an area of 10,344 and 7,704 square feet respectively. The first round of bidding was March 9 and the second round was March 22. ●reporter Liang Yueqin
The newly leased House No. 1 has an area of 10,804 square feet and is the largest single house in the project area. It has a 4-storey building with a private swimming pool, standard decoration, and has dual views of Victoria Harbour and South District. The lease term is at least 3 years. Based on the monthly rent of 1.35 million yuan, the amount involved amounts to 48.6 million yuan, which is enough to buy five two-bedroom units in Taikoo Shing. According to local agents, the rents per square foot of most old houses along Plantation Road on the Peak are currently around RMB 70 to 80. The rent per square foot is 56% to 78% higher than that in the same district.
Price per square foot in the same district 56%-78%
According to the bidding documents of the project, the tenant of No. 1 House must pay one or more promissory notes with a total amount of 1 million yuan as part of the temporary deposit, and the remaining deposit must be paid. The documents also show that the unit is equipped with a series of Miele and Sun Zoero stoves and household appliances.
According to reports, the full-floor private banquet hall of House No. 1 can enjoy 270-degree views of the Victoria Harbour and the southern district. The front and rear gardens cover an area of 2,333 square feet and provide a separate garage of up to 2,700 square feet. The master room has a living room, a master bedroom, a bathroom and a cloakroom.
11 Plantation Road was formerly the Mountain Court owned by Wharf. It is a redevelopment project and will be rebuilt in two phases. There are 7 independent houses with an area of 6,000 square feet to 10,000 square feet, each with a private basement, garden and lift. Among them, the basement has an area of 2,700 square feet, which can be used as a garage or multi-purpose space.
Wheelock Properties within the department is responsible for the development of the project, and Harriman Property Leasing is responsible for leasing. The project is equipped with a strict 4-fold security system, including glass breakage sensors and far-infrared sensors, and entrusts a professional security company to protect the safety of residents. The property management company has a 24-hour professional concierge management service.
77/79 Peak Road price breaks top per square foot
In addition, 77/79 Peak Road, which is owned by Wharf and Wheelock Properties' development and sales, sold 77F Peak Road bungalows with an area of 6,061 square feet and a price of 92,088 yuan per square foot for more than 558 million yuan through a tender, setting a new high for the project. . In the first round of bidding, all three houses were sold out within two weeks, with a total turnover of more than 1.7 billion yuan.
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