Phase 2 - Midvale Village - Island View

New
21 Middle Lane, Discovery Bay, Outlying Islands
HKD $ 10.8MSA 1,157 SF | 3BD | 2BA
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For Sale (HKD $)
10.8M
Room
3 (1-Ensuite)
Bath.
2
Age (yrs)
40
Gross Area (SF)
1,412
$7,613/SF
Saleable Area (SF)
1,157
$9,291/SF
Efficiency(%)
82%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window
75 s.f.
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Layout / Parking Space

Bedroom
3 (1-Ensuite)
Bathroom
2
Living / Dining Room
Combined
Maid Room
1
Kitchen
Open

Management / Government Fee

Management Fee
$2070.00
Government Rate
$6780.00
Government Rent
To be confirmed

Description

Description
  • Magnificent sea views bounded by a range of mountains at the horizon.
Internal Condition
  • Newly renovated, three-bedroom apartment, in excellent condition.
  • Living and dining room is fitted with cream-white tile flooring, while the bedrooms have elegant dark wood flooring. White painted walls and ceilings throughout the apartment.
  • Large windows across one wall of the big living and dining room bring in lots of sunlight.
  • Master bedroom can easily fit a king-size bed and accompanying furniture.
  • Other two bedrooms are of similarly good size.
  • Open plan kitchen features brandnew appliances including built-in oven, double door fridge, induction hob and washer and dyer.
  • Both bathrooms are upgraded to modern design with brand new fixtures in neutral colours.
  • Maid's room can be accessed via the kitchen with own bathroom.

Building

High-rise Apartment, Year built 1986 ( Building age 40 )

Mortgage Calculator

Monthly Repayment
$37,672
Minimum Household Income
$75,344
Mortgage Plan
Expenses
Stamp Duty [1]
403,125
Agent Commission [2]
107,500
Sub Total
510,625
Deposit
Initial Deposit (5%) [3]
537,500
S & P Agreement (5%) [3]
537,500
Further Down Payment
2,150,000
Sub Total
3,225,000
Total Cash Outlay
3,735,625

Financing
7,525,000
Total Interest Payable
3,776,600
Total Repayment
11,301,600
Monthly Repayment
37,672

[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.

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