Newly occupied housing estates in the city, the rental business is booming, by the Sino Land, Wheelock Properties, K. Wah and Java co-operation of the South West Kowloon Harbourfront, all phases have entered the delivery process, the market so far recorded a cumulative total of about 160 rental transactions, the tenants are not a lack of professionals from the Mainland and the international community, the most flat open-plan units at the moment the rent of nearly $15,000 from the entry.
Although the peak season of summer holiday is over, the leasing of Harbourfront Landmark is still booming, following the leasing of more than 110 units from July to August, nearly 40 transactions were recorded in September. Among them, Unit C in Block II 1B of Harbourfront Landmark, with a usable area of 317 sq.ft. and spacing of 1 bedroom, was rented out at a monthly rent of $18,500, with a rent of $58 per square foot. Based on the owner's purchase price of $9,447,000 in 2021, the rental return is over 2.3%.
An open-plan transaction was also recorded this month for Unit E, Middle Floor, Block III 1B, Harbourfront Landmark, with a saleable area of 277 sq ft, rented at $15,000 per month and a rent of $54 per sq ft. The owner purchased the flat in 2021 for $7.17 million, with a rental return of about 2.5%.
HarbourWay is divided into three phases of development, providing a total of 1,437 units. According to Centaline Property webpage, there are less than 40 units for rent in Harbour Gateway, only 38 units, the most flat and open-plan units are priced at $14,800, ranging from $78,000 for a 4-bedroom to the most expensive.