Race Tower

New
81 Wong Nai Chung Road, Happy Valley, Hong Kong
HKD $ 13.9MSA 589 SF | 1BD | 1BA
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Map
For Sale (HKD $)
13.9M
Room
1
Bath.
1
Age (yrs)
36
Gross Area (SF)
811
$17,115/SF
Saleable Area (SF)
589
$23,565/SF
Efficiency(%)
73%
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Layout / Parking Space

Bedroom
1
Bathroom
1
Living / Dining Room
Combined

Management / Government Fee

Management Fee
To be confirmed
Government Rate
To be confirmed
Government Rent
To be confirmed

Description

Description
  • Sweeping full view of the racecourse and the greenish Happy Valley area.
Internal Condition
  • Bright living and dining room benefits from wall-to-wall windows bringing in lots of natural light.
  • Master bedroom features large built-in wardrobe.
  • Kitchen is equipped with essential appliances and complete with built-in cabinets.
  • Bathroom provides shower cubicle and white sanitary ware and built-in cabinets to match the kitchen.

Building

High-rise Apartment, Year built 1990 ( Building age 36 )

TV & Air con
  • Cable TV
Arts & Entertainment
  • Bar / Lounge
  • Cafe / Coffee Bar
Transportation
  • Bus
  • Mini-bus
  • Tram
Shopping
  • Convenient Store
  • Grocery Store
  • Laundry

Mortgage Calculator

Monthly Repayment
$48,641
Minimum Household Income
$97,282
Mortgage Plan
Expenses
Stamp Duty [1]
520,500
Agent Commission [2]
138,800
Sub Total
659,300
Deposit
Initial Deposit (5%) [3]
694,000
S & P Agreement (5%) [3]
694,000
Further Down Payment
2,776,000
Sub Total
4,164,000
Total Cash Outlay
4,823,300

Financing
9,716,000
Total Interest Payable
4,876,300
Total Repayment
14,592,300
Monthly Repayment
48,641

[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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