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Prince Palace

8 Prince's Terrace, Mid-levels West, Hong Kong
HKD $ 14M | SA 584 SF | GA 780 SF | 1BD | 1BA
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Private Roof Terrace
Private Roof Terrace
For Sale (HKD $)
14M
Room
1 (1-Ensuite)
Bath.
1
Age (yrs)
52
Gross Area (SF)
780
$17,923/SF
Saleable Area (SF)
584
$23,938/SF
Efficiency (%)
75%
Property number: 122106 Updated : 2024/12/16
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Layout / Parking Space

Bedroom
1 (1-Ensuite)
Bathroom
1
Living / Dining Room
Combined
Utility Room
1
Kitchen
Open

Description

Description
  • Traditional low-rise apartment building amidst many other prestigious Mid-levels properties.
Internal Condition
  • Modern furnished apartment in a walk-up building.
  • Open plan living, dining and kitchen areas and a large bedroom providing a chic lifestyle.
  • Comfortable lounge area with lots of built-in cupboards and a wall of built-in cabinets with TV console.
  • Spacious dining counter in the open plan kitchen to enjoy talking with your guests while preparing for the party.
  • Expansive kitchen cabinets along with built-in stainless steel appliances such as gas hob, exhaust hood, microwave, oven, fridge, and dishwasher are installed.
  • Bedroom comprises a dressing area and lots of natural wood built-in wardrobes. The toilet is separated from the shower and basin for those who are enjoy the privacy.
External Area
  • Big private roof terrace with nice wood decking, furniture, barbecue and pantry is perfectly designed for alfresco dinners and friends gathering.
  • A wooden louver door opens into a utility area with cabinets and washer dryer installed.

Building

Walk-up Tenement Building, Year built 1973 ( Building age 52 )

Building Outlook
Nearby Road - Prince's Terrace
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Mortgage Calculator

Monthly Repayment
$48,992
Minimum Household Income
$97,984
Mortgage Plan
Expenses
Stamp Duty [1]
524,250
Agent Commission [2]
139,800
Sub Total
664,050
Deposit
Initial Deposit (5%) [3]
699,000
S & P Agreement (5%) [3]
699,000
Further Down Payment
2,796,000
Sub Total
4,194,000
Total Cash Outlay
4,858,050
Financing
9,786,000
Total Interest Payable
4,911,600
Total Repayment
14,697,600
Monthly Repayment
48,992

[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.