The Merton - Block 01

38 New Praya, Western / Kennedy Town, Hong Kong
HKD $ 12MSA 470 SF | 2BD | 1BA
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For Sale (HKD $)
12M
Room
2
Bath.
1
Age (yrs)
21
Gross Area (SF)
659
$18,179/SF
Saleable Area (SF)
470
$25,489/SF
Efficiency(%)
71%
This property has the following ancillary accommodation which has not been included in the "Saleable Area". Please verify the information on site.
Bay Window
22 s.f.
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Layout / Parking Space

Bedroom
2
Bathroom
1
Living / Dining Room
Combined
Balcony
1
Utility Room
1

Management / Government Fee

Management Fee
$2000.00
Government Rate
$3300.00
Government Rent
$2000.00

Description

Description
  • The views extend from the nearby greenery and buildings towards the sea.
Internal Condition
  • Long living and dining room has full height doors opening to the balcony.
  • Efficient layout of the living and dining room comes with living and dining suites.
  • Two good-size bedrooms can fit large bed and a wardrobe.
  • Fitted kitchen is equipped with essential appliances and built-in cabinets.
  • Guest bathroom features bathtub.
External Area
  • Balcony off the living and dining room offers a green view to relax.

Building

High-rise Apartment, Year built 2005 ( Building age 21 )

Communal Facilities
  • Swimming Pool
Clubhouse Facilities
  • Gym
  • Swimming Pool

Mortgage Calculator

Monthly Repayment
$41,983
Minimum Household Income
$83,966
Mortgage Plan
Expenses
Stamp Duty [1]
449,250
Agent Commission [2]
119,800
Sub Total
569,050
Deposit
Initial Deposit (5%) [3]
599,000
S & P Agreement (5%) [3]
599,000
Further Down Payment
2,396,000
Sub Total
3,594,000
Total Cash Outlay
4,163,050

Financing
8,386,000
Total Interest Payable
4,208,900
Total Repayment
12,594,900
Monthly Repayment
41,983

[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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